Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) In this Act:
"foreign recognition scheme" means the provisions of a law of a recognised jurisdiction that are prescribed by the regulations as comprising a foreign recognition scheme.
"law of a recognised jurisdiction" includes law of part of a recognised jurisdiction.
"recognised jurisdiction" means a foreign country prescribed by the regulations as a recognised jurisdiction.
(2) For the purposes of this Chapter, paragraph (b) of the definition of debenture in section 9 is taken to include a reference to an undertaking by an institution, authorised by or under the law of a recognised jurisdiction as a deposit - taking institution (however described), to repay money deposited with it, or lent to it, in the ordinary course of its banking business.
(3) For the purposes of this Chapter:
(a) paragraph (c) of the definition of managed investment scheme in section 9 is taken to include a reference to a partnership that, if this Act applied to it, would not need to be incorporated or formed under an Australian law because of regulations made for the purposes of subsection 115(2); and
(b) paragraph (i) of the definition of managed investment scheme in section 9 is taken to include a reference to a scheme operated by an institution, authorised by or under the law of a recognised jurisdiction as a deposit - taking institution (however described), in the ordinary course of its banking business.