Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

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Ch 8B inserted by No 8 of 2022, s 3, Sch 1 [ 4] (effective 1 July 2022).

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

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Pt 8B.3 inserted by No 8 of 2022, s 3, Sch 1 [ 4] (effective 1 July 2022).

Division 2 - Officers and employees of the CCIV  

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CCH Note: Division 2 is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.

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Div 2 inserted by No 8 of 2022, s 3, Sch 1 [ 4] (effective 1 July 2022).

Subdivision C - Replacing the corporate director  

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CCH Note: Subdivision C is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.

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Subdiv C inserted by No 8 of 2022, s 3, Sch 1 [ 4] (effective 1 July 2022).

SECTION 1224Z   FORMER CORPORATE DIRECTOR TO HAND OVER BOOKS AND PROVIDE REASONABLE ASSISTANCE  

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CCH Note: Section 1224Z is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.

1224Z(1)    
If the corporate director of a CCIV changes, the former corporate director must:

(a)    as soon as practicable give the new corporate director any books in the former corporate director ' s possession or control that this Act requires to be kept in relation to the CCIV; and

(b)    give other reasonable assistance to the new corporate director to facilitate the change of corporate director.

1224Z(2)    
An offence based on subsection (1) is an offence of strict liability.

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S 1224Z inserted by No 8 of 2022, s 3, Sch 1 [ 4] (effective 1 July 2022).

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