Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.6 - EXTERNAL ADMINISTRATION AND DEREGISTRATION  

Division 9 - Deregistration and transfer of registration  

Subdivision A - Deregistration  

SECTION 1239F  

1239F   CLAIMS AGAINST INSURERS IN RELATION TO DEREGISTERED SUB-FUND  

A person may recover from the insurer of a CCIV an amount that was payable to the CCIV under the insurance contract if:

(a)    a sub-fund of the CCIV is deregistered; and

(b)    the CCIV has a liability to the person that was a liability of the sub-fund; and

(c)    the insurance contract covered that liability immediately before the sub-fund was deregistered.