THE CORPORATIONS LAW

CHAPTER 5C - MANAGED INVESTMENT SCHEMES

PART 5C.9 - WINDING UP

SECTION 601NA   WINDING UP REQUIRED BY SCHEME'S CONSTITUTION  

601NA     The constitution of a registered scheme may provide that the scheme is to be wound up:

(a)  at a specified time; or

(b)  in specified circumstances or on the happening of a specified event;

but a provision of the constitution that purports to provide that the scheme is to be wound up if a particular company ceases to be its responsible entity is of no effect (including for the purposes of paragraph 601NE(1)(a)).