Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.7 - CONTROL, FINANCIAL SERVICES AND DISCLOSURE  

Division 4 - Financial services and markets  

SECTION 1241P   MODIFICATIONS OF PART 7.8A  

1241P(1)    
Paragraph 994B(3)(d) (about an exception to making a target market determination for a financial product) does not apply to a fully paid ordinary share in a CCIV.

1241P(2)    
If a contravention referred to in paragraph 994M(1)(a) is a contravention by a CCIV, subsection 994M(1) applies to authorise recovery by action against the CCIV ' s corporate director instead of against the CCIV.

Note: Subsection 994M(1) authorises a client to recover the amount of loss or damage suffered because of certain contraventions.



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