CTHIn ForceLegislation
ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668
“601KA Members’ rights to withdraw“601KA Members’ rights to withdraw
Start here
Get a plain-English read of “601KA Members’ rights to withdraw
Turn the raw legal text into a practical explanation grounded in ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668.
“601KA Members’ rights to withdraw
The responsible entity must not allow a member to withdraw from the scheme otherwise than in accordance with the scheme’s constitution or the conditions of an exemption under this Act.”; and
(c) omit sections 601KB to 601KE.
10 Offer of securities through an IDPS-like scheme
Chapter 6D of the Act applies to all persons as if Part 6D.2 were modified or varied by, after section 704, inserting: