Commonwealth Numbered Regulations

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CORPORATIONS AMENDMENT REGULATIONS 2010 (NO. 3) (SLI NO 88 OF 2010) - REG 7

Application to established common funds

                A licensed trustee company that has established a common fund before 1 July 2010 and the fund continues after that day, commits an offence if the company does not:

                (a)    make a decision, in writing, about the matters set out in paragraphs 5D.2.05 (1) (a) to (g); and

               (b)    comply with subregulation 5D.2.05 (2);

before 1 July 2011.

Penalty:   50 penalty units.




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