Corporations Act 2001
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 8B.7 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (CCIV Auditors) Instrument 2024/668.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 8B.7, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
Subsection 911A(1) (about the requirement to be licensed to carry on a financial services business) does not apply to a CCIV.
Note: That subsection will instead apply to the corporate director of the CCIV in relation to any financial services business carried on by the CCIV (see subsection 1241A(2) ).
1241B(2)
Subsection 911B(1) (about requirements for providing financial services on behalf of another person) does not apply to a CCIV.
Note: This subsection confirms that the CCIV is not subject to extra requirements if it is viewed as providing financial services on behalf of its corporate director.
1241B(3)
For the purposes of Chapter 7 , treat a CCIV as not being a representative of the corporate director of the CCIV.
Note: Activities of the CCIV relating to a financial service etc. are instead treated as activities of the corporate director (see subsection 1241A(2) ).
1241B(4)
For the purposes of Chapter 7 , a CCIV cannot be authorised under Division 5 (about authorised representatives of licensees) of Part 7.6 .
Note: Activities of the CCIV relating to a financial service etc. are instead treated as activities of the corporate director (see subsection 1241A(2) ).
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