Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.5 - OPERATING A CCIV  

Division 2 - Requirement to operate sub-funds as separate businesses  

SECTION 1233B   SUB-FUNDS TO BE OPERATED AS SEPARATE BUSINESSES  

1233B(1)    
A part of the business of a CCIV must not be operated if it is not registered as a sub-fund.

1233B(2)    
A part of the business of a CCIV that is registered as a sub-fund must be operated as a separate business from the business of any other sub-fund of the CCIV.

Requirement for corporate director to operate sub-funds as separate businesses

1233B(3)    
The corporate director of a CCIV contravenes this subsection if:

(a)    the corporate director operates a part of the business of the CCIV; and

(b)    the operation contravenes subsection (1) or (2) .

Fault-based offence

1233B(4)    
A person commits an offence if the person contravenes subsection (3) .

Strict liability offence

1233B(5)    
A person commits an offence of strict liability if the person contravenes subsection (3) .