Section 1213C — Corporations Act 2001: Notified foreign passport funds—authority to offer interests in this jurisdiction

(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in the fund to persons in this jurisdiction with ASIC under section 1213; and (b) the operator of the fund has not withdrawn the notice of intention under subsection 1213(3); and (c) within the consideration period for the notice of intention, ASIC has not given the operator: (i)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.