Section 1213D — Corporations Act 2001 (Cth)

(1) The consideration period, for a notice of intention to offer interests in a foreign passport fund in this jurisdiction, is:

(a) a period of 15 business days beginning on the day after the notice is lodged with ASIC; or

(b) if ASIC and the operator agree that the period is to be extended under subsection (2)—the extended period.

(2) ASIC and the operator of the foreign passport fund may agree, in writing, to one or more extensions of the consideration period. However, each extension must be for no more than 5 business days.

Related sections

• s 1213A — ASIC may notify operator that notice of intention lacks information required
• s 1213B — Rejecting a notice of intention
• s 1213C — Notified foreign passport funds—authority to offer interests in this jurisdiction
• 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.
• s 1213G — Offences relating to the operation of notified foreign passport funds

Research how courts apply s 1213D

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