Corporations Act 2001

CHAPTER 8A - ASIA REGION FUNDS PASSPORT  

PART 8A.6 - STOP ORDERS  

SECTION 1215D   COMPLIANCE WITH STOP ORDERS  

1215D(1)  
This section applies if:


(a) ASIC gives the operator of an Australian passport fund a copy of a stop order under subsection 1215(5) or an interim stop order under subsection 1215B(3) ; or


(b) ASIC gives the operator of a notified foreign passport fund a stop order under subsection 1215A(9) or an interim stop order under subsection 1215B(3) .

1215D(2)  
The operator must not contravene the order.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

1215D(3)  
The operator must take reasonable steps to ensure that any other person who might engage in conduct that is contrary to the order, is aware of the order.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

1215D(4)  
A person who is aware of the order must not engage in conduct that is contrary to the order.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).


 

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