Corporations Act 2001
Pt 8A.7 inserted by No 61 of 2018, s 3, Sch 1 (effective 18 September 2018).
Div 1 inserted by No 61 of 2018, s 3, Sch 1 (effective 18 September 2018).
Subdiv A inserted by No 61 of 2018, s 3, Sch 1 (effective 18 September 2018).
For the purposes of this Act (including the Passport Rules for this jurisdiction), a person becomes a member of a fund on the expectation that it would become an Australian passport fund if:
(a) a representation has been made by the fund or the operator of the fund in any document, or other means of communication, that might reasonably be expected to be available to persons considering acquiring an interest in the fund that the fund will become, or that it is intended or expected that the fund will become, an Australian passport fund; and
(b) the person acquires an interest in the fund after that representation was made.
S 1216B inserted by No 61 of 2018, s 3, Sch 1 (effective 18 September 2018).
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