Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS REGULATIONS 2001 - REG 7.5.91

Payment of excess money from fidelity fund

    If there is excess money in a fidelity fund (other than the NGF), the market licensee to which the excess money relates may pay an amount of the excess money into an account that:

  (a)   is kept separately from other accounts used by the market licensee; and

  (b)   is designated as a 'financial industry development account'.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback