Document ID: chunk:federal_register_of_legislation:C2018A00061:clause:1_1212a
Version: federal_register_of_legislation:C2018A00061
Segment Type: clause
Provision Reference: sch 1 cl 1212A
Character Range: 12579–13346

1212A  Registration of registered scheme as a passport fund
 (1) ASIC must register a registered scheme as a passport fund if ASIC is of the opinion that:
 (a) the responsible entity for the scheme is an eligible entity, within the meaning of section 3 of Annex 2 of the Memorandum of Cooperation; and
 (b) each of the following is likely to be complied with in relation to the scheme:
 (i) this Act (including the Passport Rules for this jurisdiction);
 (ii) the ASIC Act.
 (2) A registered scheme is registered as a passport fund by ASIC:
 (a) assigning a unique number to the passport fund (the Australian Passport Fund Registration Number or APFRN for the passport fund); and
 (b) ensuring that details of the fund are entered on the Register of Passport Funds.