Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.4 - CORPORATE FINANCE, FINANCIAL REPORTING AND SUSTAINABILITY REPORTING FOR CCIVs  

Division 4 - Financial reports, sustainability reports and audit of CCIVs  

Subdivision F - Appointment and removal of auditors (retail CCIVs only)  

SECTION 1232S   EFFECT OF WINDING UP OF SUB-FUND ON OFFICE OF AUDITOR  

Audit and auditor ' s report not required to cover a sub-fund in respect of which a CCIV is being wound up

1232S(1)    
An auditor of a CCIV is not required by Division 3 of Part 2M.3 , as it applies under subsection 1232G(1) , to do a thing in relation to a sub-fund at a time if the sub-fund is being wound up at that time.

Auditor ceases to hold office if CCIV is being wound up in respect of all of its sub-funds

1232S(2)    
An auditor of a CCIV ceases to hold office if an event mentioned in subsection (3) has occurred in relation to each sub-fund of the CCIV.

1232S(3)    
The events are as follows:

(a)    a special resolution is passed for the voluntary winding up of a sub-fund of the CCIV;

(b)    an order is made by the Court for the winding up of a sub-fund of the CCIV.

1232S(4)    
Section 330 does not apply to a CCIV.