CORPORATIONS ACT 2001 - SECT 190C Division does not apply in relation to notified foreign passport funds or their operators

CORPORATIONS ACT 2001 - SECT 190C

    This Division does not apply to an act or omission by a person, if:

  (a)   the act or omission is in the person's capacity as a director, other officer or employee of a notified foreign passport fund; or

  (b)   the act or omission:

  (i)   is in the person's capacity as a director, other officer or employee of the operator of a notified foreign passport fund; and

  (ii)   is connected with the operation of the fund.

Note:   This Division applies in relation to CCIVs in a modified form: see sections   1225C and 1224K.