CORPORATIONS ACT 2001

CHAPTER 8A - ASIA REGION FUNDS PASSPORT  

PART 8A.3 - AUSTRALIAN PASSPORT FUNDS  

SECTION 1212A   REGISTRATION OF REGISTERED SCHEME AS A PASSPORT FUND  

1212A(1)  
ASIC must register a registered scheme as a passport fund if ASIC is of the opinion that:


(a) the responsible entity for the scheme is an eligible entity , within the meaning of section 3 of Annex 2 of the Memorandum of Cooperation; and


(b) each of the following is likely to be complied with in relation to the scheme:


(i) this Act (including the Passport Rules for this jurisdiction);

(ii) the ASIC Act.

1212A(2)  
A registered scheme is registered as a passport fund by ASIC:


(a) assigning a unique number to the passport fund (the Australian Passport Fund Registration Number or APFRN for the passport fund); and


(b) ensuring that details of the fund are entered on the Register of Passport Funds.


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