Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 5 - Member protection  

Subdivision A - Related party transactions by retail CCIVs to be approved at sub-fund level  

SECTION 1227B   EXCEPTIONS NOT AVAILABLE FOR A RETAIL CCIV  

1227B(1)    
The following provisions of Division 2 of Part 2E.1 do not apply where the financial benefit is, or is to be, given by a retail CCIV:

(a)    section 211 (which deals with remuneration and reimbursement for an officer or employee);

(b)    section 213 (which deals with small amounts given to a related party);

(c)    section 214 (which deals with financial benefits given to a closely held subsidiary).

1227B(2)    
Subsection (1) does not affect the application of those provisions where the financial benefit is, or is to be, given by an entity the retail CCIV controls.


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