Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:2_575
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 2 cl 575
Character Range: 185064–185598

575  Section 9 (definition of home economy)
Repeal the definition, substitute:
home economy for a passport fund means:
 (a) if the passport fund is a regulated CIS, or a sub‑fund of a regulated CIS, in only one participating economy—that participating economy; and
 (b) if the passport fund is a regulated CIS, or a sub‑fund of a regulated CIS, in more than one participating economy—the participating economy in which the fund is first registered or approved as a regulated CIS (however that registration or approval is described).