Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 (8 of 2022)

Schedule 3   Corporate collective investment vehicles: amendments of other Acts

Personal Property Securities Act 2009

15   At the end of section 267

Add:

Effect of winding up of a sub-fund of a CCIV

(4) Paragraph (1)(a) applies in relation to a grantor if:

(a) the grantor is a CCIV (within the meaning of the Corporations Act 2001); and

(b) the security interest is in personal property that is an asset of a sub-fund of the CCIV (within the meaning of that Act); and

(c) an order is made, or a resolution is passed, for the winding up of the sub-fund.