CORPORATIONS ACT 2001

CHAPTER 5C - MANAGED INVESTMENT SCHEMES  

PART 5C.2 - THE RESPONSIBLE ENTITY  

Division 2 - Changing the responsible entity  

SECTION 601FP   APPOINTMENT OF TEMPORARY RESPONSIBLE ENTITY BY COURT  

601FP(1)   [ Temporary responsible entity]  

On application under section 601FL or 601FN, the Court may, by order, appoint a company as the temporary responsible entity of a registered scheme if the Court is satisfied that the appointment is in the interest of the members.

601FP(2)   [ Further orders]  

The Court may make any further orders that it considers necessary.

601FP(3)   [ Lodgment with ASIC]  

If the application was made by the current responsible entity, it must, as soon as practicable after the Court's order appointing the temporary responsible entity, lodge a notice with ASIC informing ASIC of the appointment made by the Court.

601FP(4)   [ Alteration of record]  

As soon as practicable after the appointment, ASIC must alter the record of the scheme's registration to name the appointed company as the scheme's temporary responsible entity.


 

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