Corporations Act 2001
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 8B.2 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (CCIV Auditors) Instrument 2024/668.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 8B.2, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
A public company becomes the director of a CCIV on registration if the public company is specified in the application with its consent as the proposed corporate director of the CCIV.
1222D(2)
A person becomes a member of a CCIV on registration if the person is specified in the application with their consent as a proposed member of the CCIV.
Note: The shares taken to be issued to the member are those specified in the application: see subsection 120(2) .
1222D(3)
Subsection 120(1) does not apply in relation to a CCIV.
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