Corporations Act 2001
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 8B.3 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.3, 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.
CCH Note: Division 2 is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Subdivision A is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Section 1224 is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
A CCIV may only have one director
1224(1)
A CCIV must not appoint more than one director.
Note: For who can be the director of a CCIV, see sections 1224F and 1224G .
Position of director is the position of corporate director
1224(2)
The position of director of a CCIV is the position of corporate director.
1224(3)
Corporate director of a CCIV means the company named in ASIC ' s record of the CCIV ' s registration as the corporate director or temporary corporate director of the CCIV.
Note: The corporate director is first appointed through the registration process for the CCIV: see sections 1222A and 1222D .
No alternate directors
1224(4)
There is no position of alternate director of a CCIV.
1224(5)
The corporate director of a CCIV commits an offence if the corporate director appoints an alternate director.
Note: For the corporate director ' s power to appoint an agent, see section 1224L .
Definition of director not limited
1224(6)
This section does not limit the operation of paragraph (b) of the definition of director in section 9 in relation to a CCIV.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
