Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.2 - REGISTRATION OF CCIVs  

Division 2 - Registering a sub-fund of a CCIV  

Subdivision C - Names of sub-funds  

SECTION 1222Z   ASIC ' S POWER TO DIRECT CCIV TO CHANGE A SUB-FUND ' S NAME  

1222Z(1)    
ASIC may direct a CCIV in writing to change the name of a sub-fund of the CCIV within 2 months if:

(a)    the name should not have been registered; or

(b)    ASIC has directed the CCIV to change its name under section 158 .

1222Z(2)    
The CCIV must comply with the direction within 2 months after being given it.

1222Z(3)    
An offence based on subsection (2) is an offence of strict liability.

1222Z(4)    
If the CCIV does not comply with subsection (2) , ASIC may change the sub-fund ' s name to the expression " Australian Registered Fund Number " followed by the sub-fund ' s ARFN. ASIC does this by altering ASIC ' s record of the sub-fund ' s registration to reflect the change.

Note: For ASIC ' s record of the registration of a sub-fund, see subsection 1222S(4) .

1222Z(5)    
A change of name under subsection (4) takes effect when ASIC alters ASIC ' s record of the sub-fund ' s registration.