Clause 129

in subsection (1), replace “30 days” with “15 days”;

in subsection (3), replace “one month starting on” with “15 days after”;

replace subsections (5) and (6) with —“(5) At the expiration of the period mentioned in the notice, the Registrar may, unless cause to the contrary is previously shown, declare the sub-fund dissolved and delete its particulars from the register in which it is registered under section 27.(6) The sub‑fund is considered dissolved on the date and at the time when the Registrar deletes its particulars from the register in which it is registered under section 27.(6A) After the Registrar has declared the sub‑fund dissolved and deleted its particulars from the register in which it is registered under section 27, the Registrar must —

publish a notice in the Gazette of the fact that the sub‑fund has been dissolved, and the date and time when its particulars have been deleted from that register; and

starting on the date and time when the Registrar deletes the particulars of the sub‑fund from that register, ensure that any person who obtains any information on the sub‑fund or the umbrella VCC of the sub‑fund using the electronic transaction system is also informed that the sub‑fund has been dissolved.”; and

in subsection (9)(b), replace “(5)” with “(6A)(a)”.