Corporations Amendment (Asia Region Funds Passport) Act 2018 (61 of 2018)

Schedule 2   Amendments consequential on Chapter 8A

Corporations Act 2001

72   At the end of Division 1 of Part 2D.1

Add:

190C Division does not apply in relation to notified foreign passport funds or their operators

This Division does not apply to an act or omission by a person, if:

(a) the act or omission is in the person's capacity as a director, other officer or employee of a notified foreign passport fund; or

(b) the act or omission:

(i) is in the person's capacity as a director, other officer or employee of the operator of a notified foreign passport fund; and

(ii) is connected with the operation of the fund.