Document ID: chunk:federal_register_of_legislation:F2024C01050:reg:6a:p9
Version: federal_register_of_legislation:F2024C01050
Segment Type: reg
Provision Reference: reg 6A (pt 9/11)
Character Range: 31759–34780

about the progress and status of the winding up of the fund, including details (as applicable) of:

                  (i) the actions taken during the period;

                  (ii) the actions required to complete the winding up;

                  (iii)            the actions proposed to be taken in the next 12 months; and

                  (iv) the expected time to complete the winding up; and

               (b) financial information about receipts and payments for the fund during the period; and

               (c) the following information as at the end of the period:

                  (i) the value of assets of the fund; and

                  (ii) any potential return to fund members.

           (4) A report required to be prepared under this section in relation to a relevant period must be made available to fund members within 3 months after the end of the relevant period.

           (5) The operator must have adequate arrangements in place to answer, within a reasonable period of time and without charge, any reasonable questions asked by a member of the fund about the winding up.

           (6) In this section:

               relevant period, in relation to a report, means:

               (a) for a report on the completion of a winding up that has taken less than 12 months to complete—the period commencing from the day the winding up commenced and ending on the day of completion of the winding up;

               (b) for a report on the completion of a winding up that has taken more than 12 months to complete—the period commencing on the day after the end of the immediately preceding relevant period and ending on the day of the completion of the winding up;

               (c) for a report during the winding up—each period of 12 months.

           notified foreign passport fund insolvency resolution means a resolution to the effect that, for a period of at least 12 months, the assets have been insufficient to meet the debts incurred in operating the fund as and when they were due and payable.

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent)