Corporations Act 2001

CHAPTER 1 - INTRODUCTORY  

PART 1.2 - INTERPRETATION  

Division 7 - Meaning of some other expressions  

SECTION 57   CLASSES OF SHARES OR INTERESTS IN MANAGED INVESTMENT SCHEMES  

57(1)    
The shares in a body corporate, if not divided into 2 or more classes, constitute a class.

Note: A CCIV must have a minimum of one class of shares per sub-fund: see section 1230A .

57(2)    
If the interests in a managed investment scheme to which an undertaking relates are not divided into 2 or more classes, they constitute a class.