Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.5.91

Payment of excess money from fidelity fund

                   If there is excess money in a fidelity fund (other than the NGF), the market licensee to which the excess money relates may pay an amount of the excess money into an account that:

                     (a)  is kept separately from other accounts used by the market licensee; and

                     (b)  is designated as a 'financial industry development account'.



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