Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 2   ALRC Financial Services Interim Report: single glossary of defined terms

Part 1   Amendments

Division 2   Terms in general use

Corporations Act 2001

27   Section 9

Insert:

liability :

(a) liability (except in relation to a sub-fund of a CCIV):

(i) includes a duty or obligation of any kind (whether arising under an instrument or otherwise, and whether actual, contingent or prospective); and

(ii) in relation to a CCIV - has a meaning affected by section 1233A; and

(b) liabilities , in relation to a sub-fund of a CCIV, has the meaning given by section 1233L.