Pooled Development Funds Act 1992
PART 4
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REGULATION OF PDFs
Division 2
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Other provisions regulating the capital structure and activities of PDFs
SECTION 30
RESTRICTIONS ON RAISING MONEY ETC.
30(1)
A PDF must not:
(a) borrow money; or
(b) accept a deposit of money; or
(c) issue a debenture; or
(d) issue a convertible note; or
(e) issue or make available an interest in a managed investment scheme (including a notified foreign passport fund).
30(2)
An expression has in subsection (1) the same meaning as in the Corporations Act 2001 .
30(3)
Nothing in subsection (1) prohibits a PDF from making a permitted short-term borrowing.
A PDF must not:
(a) borrow money; or
(b) accept a deposit of money; or
(c) issue a debenture; or
(d) issue a convertible note; or
(e) issue or make available an interest in a managed investment scheme (including a notified foreign passport fund).
View history note
Hide history note30(2)
An expression has in subsection (1) the same meaning as in the Corporations Act 2001 .
30(3)
Nothing in subsection (1) prohibits a PDF from making a permitted short-term borrowing.