CORPORATIONS REGULATIONS 2001 - REG 7.9.81 Lost members
CORPORATIONS REGULATIONS 2001 - REG 7.9.81
Lost members(1) For paragraph 1020G(1)(c) of the Act, this regulation applies in relation to a restricted issue of a relevant financial product if:
(a) the issue is mentioned in paragraph 1016A(2)(c) of the Act; and
(b) the recipient is a lost member.
(2) Part 7.9 of the Act applies in relation to the restricted issue as if paragraph 1016A(2)(c) of the Act included an obligation on the trustee of the fund that is applying for the issue on behalf of the recipient to give to the trustee that is to issue the financial product:
(a) a statement that the recipient is a lost member; and
(b) if the recipient has specifically asked the trustee making the application not to disclose information of a specified kind--a statement to that effect; and
(c) all information in the possession of the trustee making the
application that could reasonably help the other trustee to locate or identify
the recipient, other than information of a kind that the recipient has
specifically asked the trustee not to disclose.