Corporations Act 2001
CHAPTER 8B
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CORPORATE COLLECTIVE INVESTMENT VEHICLES
PART 8B.4
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CORPORATE FINANCE, FINANCIAL REPORTING AND SUSTAINABILITY REPORTING FOR CCIVs
Division 1
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Shares
Subdivision F
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Cross-investment between sub-funds of a CCIV
SECTION 1230T
REQUIREMENTS OR RESTRICTIONS ON MEMBERSHIP RIGHTS FOR SHARES ACQUIRED FROM CROSS-INVESTMENT
Voting at a meeting of the CCIV ' s members
1230T(1)
Despite any other provision of this Act, a CCIV ' s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds does not entitle the CCIV to vote as a member on a resolution at a meeting of the CCIV ' s members.
Voting at a meeting of members of a sub-fund of the CCIV
1230T(2)
A CCIV ' s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds entitles the CCIV to vote as a member on a resolution at a meeting of the members of the sub-fund.
1230T(3)
A CCIV ' s entitlement to vote as described in subsection (2) applies: (a) despite any other provision of this Act; but (b) subject to any requirements or restrictions prescribed by regulations made for the purposes of this paragraph.
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 8B.4 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.4, 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.
Voting at a meeting of the CCIV ' s members
1230T(1)
Despite any other provision of this Act, a CCIV ' s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds does not entitle the CCIV to vote as a member on a resolution at a meeting of the CCIV ' s members.
Voting at a meeting of members of a sub-fund of the CCIV
1230T(2)
A CCIV ' s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds entitles the CCIV to vote as a member on a resolution at a meeting of the members of the sub-fund.
1230T(3)
A CCIV ' s entitlement to vote as described in subsection (2) applies: (a) despite any other provision of this Act; but (b) subject to any requirements or restrictions prescribed by regulations made for the purposes of this paragraph.
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