118ABApplication of Part to jurisdiction

118AB Application of Part to jurisdiction

118AB Application of Part to jurisdiction

(1) This Part does not apply in a participating jurisdiction unless a regulation, made by the Governor of the participating jurisdiction acting on the recommendation of the Minister, is in force specifying for the jurisdiction—

(a) the date from which this Part applies; and

(b) the extent to which this Part applies; and

(c) the way the financial vehicle is to be established.

(2) An agreement made between the Minister and a Registered participant before this Part applies in the participating jurisdiction may be prescribed by a regulation made under this section as a voluntary agreement.

s 118AB: Ins 2024 No 62, sec 6.