Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5D.2.07

Register of investments

             (1)  A licensed trustee company commits an offence if it does not maintain a register of investments for each common fund in accordance with subregulation (2).

Penalty:  50 penalty units.

             (2)  The register must contain:

                     (a)  a record identifying each investment made by the common fund; and

                     (b)  details of amounts held to the credit of the common fund.

Note:          For other obligations relating to common funds: see section 601SCB of the Act.



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