Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1212a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1212A
Character Range: 4921908–4922735

1212A  Registration of Australian passport funds
 (1) ASIC must register a collective investment fund that is a registered scheme or a sub‑fund of a retail CCIV as a passport fund if ASIC is of the opinion that:
 (a) the proposed operator of the fund 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 fund:
 (i) this Act (including the Passport Rules for this jurisdiction);
 (ii) the ASIC Act.
 (2) A collective investment fund 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.