Corporations Act 2001
View history note
Hide history noteA 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(b) the operator of the fund has not withdrawn the notice of intention under subsection 1213(3) ; and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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