Commonwealth Consolidated Acts

POOLED DEVELOPMENT FUNDS ACT 1992 - SECT 30

  (1)   A PDF must not:

  (a)   borrow money; or

  (b)   accept a deposit of money; or

  (c)   issue a debenture; or

  (d)   issue a convertible note; or

  (e)   issue or make available an interest in a managed investment scheme (including a notified foreign passport fund).

  (2)   An expression has in subsection   (1) the same meaning as in the Corporations Act 2001 .

  (3)   Nothing in subsection   (1) prohibits a PDF from making a permitted short - term borrowing.