CORPORATIONS ACT 2001 - SECT 1043B Exception for withdrawal from registered scheme or notified foreign passport fund
CORPORATIONS ACT 2001 - SECT 1043B
Exception for withdrawal from registered scheme or notified foreign passport fund Subsection 1043A(1) does not apply in respect of a
member's withdrawal from a registered scheme or a notified
foreign passport fund if the amount paid to the member on withdrawal is
calculated (so far as is reasonably practicable) by reference to the
underlying value of the assets of the financial or business undertaking or
scheme, common enterprise, investment contract or time - sharing scheme to
which the member's interest relates, less any reasonable charge for
acquiring the member's interest.