Section 601FT — Corporations Act 2001 (Cth)

(1) If the responsible entity of a registered scheme changes, a document:

(a) to which the former responsible entity is a party, in which a reference is made to the former responsible entity, or under which the former responsible entity has acquired or incurred a right, obligation or liability, or might have acquired or incurred a right, obligation or liability if it had remained the responsible entity; and

(b) that is capable of having effect after the change;

has effect as if the new responsible entity (and not the former responsible entity) were a party to it, were referred to in it or had or might have acquired or incurred the right, obligation or liability under it.

(2) Subsection (1) does not apply to a right, obligation or liability that remains a right, obligation or liability of the former responsible entity because of subsection 601FS(2).

Related sections

• s 601FQ — Temporary responsible entity to take steps for appointment of new responsible entity
• s 601FR — Former responsible entity to hand over books and provide reasonable assistance
• s 601FS — Rights, obligations and liabilities of former responsible entity
• s 601GA — Contents of the constitution
• s 601GB — Constitution must be legally enforceable
• s 601GC — Changing the constitution

Research how courts apply s 601FT

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