Section 1213C — Corporations Act 2001 (Cth)

(1) A foreign passport fund becomes a notified foreign passport fund if:

(a) the operator of the fund has lodged a notice of intention to offer interests in the fund to persons in this jurisdiction with ASIC under section 1213; and

(b) the operator of the fund has not withdrawn the notice of intention under subsection 1213(3); and

(c) within the consideration period for the notice of intention, ASIC has not given the operator:

(i) notification under section 1213A that ASIC is of the opinion that information required under the prescribed form has not been provided; or

(ii) notification under section 1213B that the notice of intention has been rejected.

(2) The foreign passport fund becomes a notified foreign passport fund on the first day after the end of the consideration period for the notice of intention.

(3) The foreign passport fund ceases to be a notified foreign passport fund if it is removed as a notified foreign passport fund under Division 2 of Part 8A.7.

(4) A notified foreign passport fund may offer interests in the fund to persons in this jurisdiction.

Related sections

• s 1213 — Notice of intention to offer interests in a foreign passport fund
• s 1213A — ASIC may notify operator that notice of intention lacks information required
• s 1213B — Rejecting a notice of intention
• s 1213D — Meaning of consideration period
• s 1213E — Notified foreign passport funds to be treated as managed investment schemes
• s 1213F — Operators and notified foreign passport funds not to be treated as companies etc.

Research how courts apply s 1213C

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