CORPORATIONS ACT 2001

CHAPTER 8A - ASIA REGION FUNDS PASSPORT  

PART 8A.4 - NOTIFIED FOREIGN PASSPORT FUNDS  

Division 1 - Becoming a notified foreign passport fund  

SECTION 1213C   NOTIFIED FOREIGN PASSPORT FUNDS - AUTHORITY TO OFFER INTERESTS IN THIS JURISDICTION  

1213C(1)  
A foreign passport fund becomes a notified foreign passport fund if:


(a) the operator of the fund has lodged a notice of intention to offer interests in the fund to persons in this jurisdiction with ASIC under section 1213 ; and


(b) the operator of the fund has not withdrawn the notice of intention under subsection 1213(3) ; and


(c) within the consideration period for the notice of intention, ASIC has not given the operator:


(i) notification under section 1213A that ASIC is of the opinion that information required under the prescribed form has not been provided; or

(ii) notification under section 1213B that the notice of intention has been rejected.

1213C(2)  
The foreign passport fund becomes a notified foreign passport fund on the first day after the end of the consideration period for the notice of intention.

1213C(3)  
The foreign passport fund ceases to be a notified foreign passport fund if it is removed as a notified foreign passport fund under Division 2 of Part 8A.7 .

1213C(4)  
A notified foreign passport fund may offer interests in the fund to persons in this jurisdiction.


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