Document ID: chunk:federal_register_of_legislation:C2024C00541:section:18
Version: federal_register_of_legislation:C2024C00541
Segment Type: section
Provision Reference: s 18
Character Range: 25181–26008

18  Conditions of registration declaration
  A PDF's registration declaration is subject to the following conditions:
 (a) a condition that the following be complied with by, and in relation to, the PDF:
 (i) this Act;
 (ii) any direction given, or requirement made, by the Board under this Act;
 (iii) any condition to which an approval given, or determination made, by the Board under this Act is subject;
 (b) a condition that the PDF's constitution:
 (i) satisfies the PDF constitution requirements; and
 (ii) be complied with in so far as it prohibits as mentioned in subsection 4(3);
 (c) a condition that the PDF not reduce its share capital, or buy shares in itself, within 2 years after becoming a PDF or merging with another PDF as mentioned in section 32A.

Part 4—Regulation of PDFs

Division 1—Making investments