Commonwealth Numbered Acts
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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 601FG
Acquisition of interest in scheme by responsible
The responsible entity of a registered scheme may acquire and hold an
interest in the scheme, but it must only do so:
- for not less than the
consideration that would be payable if the interest were acquired by another
- subject to terms and conditions that would not disadvantage other members.
- Note 1: If the responsible entity holds an interest in the scheme, it does so
subject to section 253E (certain members cannot vote or be counted).
Note 2: This section is a civil penalty provision as defined in
section 1317DA and Part 9.4B provides for civil and criminal
consequences of contravening it.
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