Commonwealth Consolidated Acts

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Application for registration

             (1)  A person may lodge an application with ASIC to have a managed investment scheme registered as a passport fund if:

                     (a)  the scheme is a registered scheme and the person is the responsible entity for the scheme; or

                     (b)  an application has been made for the scheme to be registered under section 601EB, and the person is the proposed responsible entity for the scheme.

             (2)  The application must:

                     (a)  be in the prescribed form; and

                     (b)  include a copy of the Product Disclosure Statement that the responsible entity for the scheme would be required to prepare if:

                              (i)  the responsible entity were a regulated person required to give a Product Disclosure Statement to a retail client under subsection 1012B(3); and

                             (ii)  the scheme were registered as a passport fund.

             (3)  The applicant may withdraw the application by notice lodged in the prescribed form at any time before the scheme is registered as an Australian passport fund.

             (4)  ASIC may, by legislative instrument, determine that information that is lodged with ASIC under this section will not be available for inspection or copying from ASIC if it is of a kind specified in the determination.

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