Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:2_577
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 2 cl 577
Character Range: 185854–186450

577  Section 9 (definition of host economy)
Repeal the definition, substitute:
host economy: a participating economy is a host economy for a passport fund if:
 (a) the participating economy is not the home economy for the fund; and
 (b) either:
 (i) it is permitted under the law of the participating economy to offer interests in the fund in that economy, on the basis that the fund is a passport fund; or
 (ii) an application has been made under the law of the participating economy for permission to offer interests in the fund in that economy, on the basis that the fund is a passport fund.