Commonwealth Consolidated Acts Commonwealth Consolidated ActsIn this Chapter:
"APFRN" : see Australian Passport Fund Registration Number .
"Australian Passport Fund Registration Number or APFRN" means the number assigned to an Australian passport fund under paragraph 1212A(2)(a).
"consideration period" for a notice of intention to offer interests in a foreign passport fund to a person in this jurisdiction: see section 1213D.
"home economy" , for a passport fund, means:
(a) if the passport fund is a regulated CIS, or a sub-fund of a regulated CIS, in only one participating economy--that participating economy; and
(b) if the passport fund is a regulated CIS, or a sub-fund of a regulated CIS, in more than one participating economy--the participating economy in which the fund is first registered or approved as a regulated CIS (however that registration or approval is described).
"home regulator" , for a passport fund, means the entity that is the Passport Regulator for the home economy for the passport fund under the Passport Rules for this jurisdiction.
"host economy" : a participating economy is a host economy for a passport fund if:
(a) the participating economy is not the home economy for the fund; and
(b) either:
(i) it is permitted under the law of the participating economy to offer interests in the fund in that economy, on the basis that the fund is a passport fund; or
(ii) an application has been made under the law of the participating economy for permission to offer interests in the fund in that economy, on the basis that the fund is a passport fund.
"host regulator" , for a passport fund, means the entity that is the Passport Regulator for a host economy for the passport fund under the Passport Rules for this jurisdiction.
"Memorandum of Cooperation" means the Memorandum of Cooperation on the Establishment and Implementation of the Asia Region Funds Passport signed on behalf of Australia on 28 April 2016, as it applies in relation to Australia from time to time.
"operator" , of a passport fund, means the entity that is the operator of the fund under the Passport Rules for this jurisdiction.
"participating economy" : a Participant, within the meaning of the Memorandum of Cooperation, is a participating economy at a particular time if:
(a) the Asia Region Funds Passport Joint Committee established under the Memorandum of Cooperation has published notification on the Passport website under subparagraph 5.6 of the Memorandum, at or before that time, that the Participant has effected implementation; and
(b) at that time:
(i) the Memorandum of Cooperation has not been terminated; and
(ii) the Participant has not withdrawn from the Memorandum of Cooperation.
"passport fund" means a regulated CIS, or a sub-fund of a regulated CIS, registered as a passport fund in a participating economy.
"Register of Passport Funds" : see section 1214.
"regulated CIS" has the same meaning as in the Passport Rules for this jurisdiction.
"sub-fund" , in relation to a regulated CIS, has the same meaning as in the Passport Rules for this jurisdiction.