Corporations Act 2001

For the purposes of the provisions referred to in subsection (3), the affairs of a body corporate that is a CCIV include anything that would be included in the affairs of a body corporate under section 53.

In applying paragraph 53(d) to the CCIV:

disregard subparagraphs (ii) and (iia); and

treat the reference in subparagraph (iv) to the body as instead being a reference to a sub‑fund of the CCIV; and

treat the reference to a liquidator or provisional liquidator of the body as instead being a reference to a liquidator or provisional liquidator of a sub‑fund of the CCIV.

The provisions for subsection (1) are the following:

a provision referred to in section 53;

a provision prescribed for the purposes of section 53;

section 1222 (about requirements for registration as a CCIV);

section 1224F (about who can be the director of a CCIV);

section 1224J (about corporate director must operate the CCIV);

section 1237V (about Court order imposing liability on unlicensed person operating CCIV);

section 1241C (about extra kinds of financial services relating to CCIVs);

section 1241E (about when conduct does not constitute providing a custodial or depository service in relation to a CCIV);

section 1241F (about Australian financial services licences to conduct the affairs of a CCIV);

section 1241L (about financial services disclosure does not apply to conducting the affairs of CCIVs);

a provision of this Act prescribed by the regulations for the purposes of this paragraph.