Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.5 - OPERATING A CCIV  

Division 3 - Requirement for assets and liabilities to be allocated between sub-funds  

Subdivision A - The CCIV ' s allocation register  

SECTION 1233C   CORPORATE DIRECTOR TO KEEP ALLOCATION REGISTER  

1233C(1)    
The corporate director of a CCIV must set up and maintain a register of the assets and liabilities of the sub-funds of the CCIV. The register is the CCIV ' s allocation register.

Note: The register may be kept on computer (see section 1306 ).

Strict liability offence

1233C(2)    
A person commits an offence of strict liability if the person contravenes subsection (1) .

Corporate director must maintain allocation register during liquidation

1233C(3)    
For the purposes of section 1224Q (about exercise of powers while sub-fund in liquidation), the maintenance of the allocation register is a function the corporate director is required by this section to perform even when one or more, or all, of the sub-funds of the CCIV are being wound up.

Note: However, the corporate director may not make allocation determinations in relation to assets and liabilities while all the sub-funds are being wound up: see subsections 1233J(7) and 1233M(7) .