Document ID: chunk:federal_register_of_legislation:C2025C00185:section:601ke
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 601KE
Character Range: 2318863–2319581

601KE  Non‑liquid schemes—responsible entity may cancel withdrawal offer
 (1) The responsible entity of a registered scheme that is not liquid:
 (a) may cancel a withdrawal offer before it closes if the offer contains a material error; or
 (b) must cancel a withdrawal offer before it closes if it is in the best interests of members to do so.
 (2) The cancellation must be made:
 (a) if the constitution specifies procedures for cancelling the withdrawal offer—in accordance with those procedures; or
 (b) otherwise—by notice in writing to the members to whom the withdrawal offer was made.
 (3) The responsible entity must lodge written notice of the cancellation with ASIC.

Part 5C.7—Related party transactions