A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

CORPORATIONS ACT 2001

CHAPTER 5C - MANAGED INVESTMENT SCHEMES  

PART 5C.10 - DEREGISTRATION  

SECTION 601PC  REINSTATEMENT  

601PC(1)  [Reinstatement]  


ASIC may reinstate the registration of a managed investment scheme if ASIC is satisfied that the scheme should not have been deregistered or if the defect that led to the scheme being deregistered has been remedied.

601PC(2)  [Court's powers]  


The Court may make an order that ASIC reinstate the registration of a managed investment scheme if:


(a) an application for reinstatement is made to the Court by:


(i) a person aggrieved by the deregistration; or

(ii) a person who was winding up the scheme; and


(b) the Court is satisfied that it is just that the scheme's registration be reinstated.

601PC(3)  [Directions]  


The Court may give any directions it thinks just for putting the scheme and other people in the same position, as far as possible, as if the scheme had not been deregistered.

601PC(4)  ASIC to give notice of reinstatement.  


ASIC must give notice of a reinstatement in the Gazette. If ASIC exercises its power under subsection (1) in response to an application by a person, ASIC must also give notice of the reinstatement to the applicant.

 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page