Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.5 - OPERATING A CCIV  

Division 5 - How CCIV assets must be held  

SECTION 1234H   PERSON OTHER THAN CCIV HOLDS MONEY OR PROPERTY ON TRUST  

1234H(1)    
A person other than the CCIV who holds money or property of the CCIV is taken to hold the money or property on trust for the CCIV.

1234H(2)    
To avoid doubt, nothing in this Chapter is intended to have the effect of making a CCIV or its corporate director a trustee or trustees of the money or property of the CCIV.