Register of members—ASIC may require lodgment
(1) The operator of a notified foreign passport fund commits an offence of strict liability if: (a) ASIC requires the operator of the fund to lodge a copy of the whole or a specified part of the register of members of the fund, in accordance with subsections (2) and (3); and (b) the operator fails, or refuses, to lodge a copy of the register in accordance with this section. Penalty: 60 penalty units. Notice requiring operator to lodge register of members (2) ASIC may, by written notice given to the operator of a notified foreign passport fund, require the operator to lodge a copy of the whole or a specified part of the register of members of the fund. (3) ASIC may, in the notice, require the copy of the whole or the specified part of the register to be lodged in English. Manner in which register must be lodged (4) The operator must lodge a copy of the register with ASIC electronically, within 7 days after being given notice to do so in accordance with subsections (2) and (3). (5) ASIC may allow a longer period for the operator to lodge a copy of the register. Language in which register must be provided (6) If, in the notice, ASIC requires a copy of the whole or a specified part of the register to be lodged in English, the operator must lodge the whole or that part of the register in English. Geographical jurisdiction (7) Section 15.1 of the Criminal Code (extended geographical jurisdiction—category A) applies to an offence against subsection (1).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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