CORPORATIONS ACT 2001 - SECT 178AA Overseas branch registers--Australian passport funds

CORPORATIONS ACT 2001 - SECT 178AA

  (1)   An Australian passport fund may keep a branch register of members of the fund outside Australia.

  (2)   If an Australian passport fund keeps an overseas branch register under subsection   (1):

  (a)   the fund must keep the branch register in the same manner as this Act requires the fund to keep the register kept under section   169 (the principal register ); and

  (b)   the fund must enter in the principal register the details contained in the branch register; and

  (c)   the fund must distinguish interests that are registered in the branch register from the interests registered in the principal register.