Document ID: chunk:federal_register_of_legislation:C2018A00061:clause:2_30
Version: federal_register_of_legislation:C2018A00061
Segment Type: clause
Provision Reference: sch 2 cl 30
Character Range: 75158–76637

30  Section 9
Insert:
foreign passport fund means a passport fund the home economy for which is not Australia.
foreign passport fund product, when used in a provision outside Chapter 7, has the same meaning as in Chapter 7.
fund property of a notified foreign passport fund means:
 (a) contributions of money or money's worth to the fund; and
 (b) money that forms part of the fund property under provisions of this Act or the ASIC Act; and
 (c) money borrowed or raised by the operator of the fund for the purposes of the fund; and
 (d) property acquired, directly or indirectly, with, or with the proceeds of, contributions or money referred to in paragraph (a), (b) or (c); and
 (e) income and property derived, directly or indirectly, from contributions, money or property referred to in paragraph (a), (b), (c) or (d).
Note: Paragraph (a)—if what a member contributes to a fund is rights over property, the rights in the property that the member retains do not form part of the fund property.
home economy, for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
home regulator, for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
host economy, for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
host regulator, for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.