Corporations Act 2001
View history note
Hide history noteCCH 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.
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