Federal Court issues new Practice Note on investment accounts

05/09/2008

On 2 September 2008 the chief justice of the Federal Court issued a new _Practice Note No 28 – Investment Accounts _under Order 63 rule 5 Federal Court Rules.�Download a�copy of Practice Note 28�>

The Practice Note sets out the type of investments that might be made by the Registrar in light of the Financial Management and Accountability Act 1997 (Cth) (the FMA Act).� The Practice Note puts the parties on notice as to the types of investments they might seek when applying for an order under Order 63 rule 5 and refers to the FMA Act requirements concerning the title of investment accounts opened by the registrar.

5 September 2008