Corporations Act 2001
CHAPTER 8B
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CORPORATE COLLECTIVE INVESTMENT VEHICLES
PART 8B.6
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EXTERNAL ADMINISTRATION AND DEREGISTRATION
Division 5
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Winding up of sub funds
Subdivision H
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Recovering property
SECTION 1237ZC
1237ZC
VESTING OF PPSA SECURITY INTERESTS IF COLLATERAL NOT REGISTERED WITHIN TIME
Section 588FL applies in relation to a PPSA security interest granted by a CCIV if: (a) an order is made, or a resolution is passed, for the winding up of a sub-fund of the CCIV; and (b) the PPSA security interest is in collateral that is an asset of the sub-fund of the CCIV.
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 8B.6 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.6, 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.
Section 588FL applies in relation to a PPSA security interest granted by a CCIV if: (a) an order is made, or a resolution is passed, for the winding up of a sub-fund of the CCIV; and (b) the PPSA security interest is in collateral that is an asset of the sub-fund of the CCIV.
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