Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1213d
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1213D
Character Range: 4930502–4931136

1213D  Meaning of consideration period
 (1) The consideration period, for a notice of intention to offer interests in a foreign passport fund in this jurisdiction, is:
 (a) a period of 15 business days beginning on the day after the notice is lodged with ASIC; or
 (b) if ASIC and the operator agree that the period is to be extended under subsection (2)—the extended period.
 (2) ASIC and the operator of the foreign passport fund may agree, in writing, to one or more extensions of the consideration period. However, each extension must be for no more than 5 business days.

Division 2—Treatment of notified foreign passport funds