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:   500 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.

  (3)   A person commits an offence if the person is involved in a contravention of subregulation   (1) by a licensed trustee company.

Penalty:

  (a)   for an individual--50 penalty units; and

  (b)   for a body corporate--500 penalty units.


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