RG 136 Funds management: Discretionary powers
Issued 31 July 2018
This guide is for operators of registered managed investment 91AVs (registered 91AVs) and passport funds, their service providers and advisers.
It explains our approach to exercising our exemption and modification powers to grant individual relief from requirements under the Corporations Act and, where relevant, the Australian Passport Rules for managed investment 91AVs and Australian passport funds.
It also explains:
- some of the more common situations when we have granted, and when we are likely to grant, relief; and
- when we will consider managed investment 91AVs as closely related so that they should be aggregated in determining if some exemptions for small 91AVs apply.