Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The operator of an Australian passport fund must notify ASIC in accordance with this section if:
(a) the operator of the fund offers interests in the fund in a participating economy other than Australia; and
(b) the name of the fund in the other participating economy is not the same as the name of the Australian passport fund.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
(2) The notice must be given:
(a) in the prescribed form; and
(b) within 7 days after interests in the fund begin to be offered under that name.