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Home/Legislation/Pooled Development Funds Act 1992/30

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Pooled Development Funds Act 1992

30Restrictions on raising money etc.

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#### 30 Restrictions on raising money etc. (1) A PDF must not: (a) borrow money; or (b) accept a deposit of money; or (c) issue a debenture; or (d) issue a convertible note; or (e) issue or make available an interest in a managed investment scheme (including a notified foreign passport fund). (2) An expression has in subsection (1) the same meaning as in the Corporations Act 2001. (3) Nothing in subsection (1) prohibits a PDF from making a permitted short‑term borrowing.

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Section 30 - Pooled Development Funds Act 1992 - Restrictions on raising money etc. — Zoe