Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 190C

                   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.

Note:       This Division applies in relation to CCIVs in a modified form: see sections 1225C and 1224K.