Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 5 - Member protection  

Subdivision B - Rights and remedies of members of a CCIV  

SECTION 1227K  

1227K   CERTAIN ACTIONS TAKEN TO VARY RIGHTS ETC.  


If:

(a)    a CCIV has a sub-fund to which only one class of shares is referable (the existing shares ); and

(b)    the CCIV issues new shares that are also referable to that sub-fund; and

(c)    the rights attaching to the new shares are not the same as the rights attached to the existing shares; and

(d)    the rights attaching to the new shares are not provided for in:


(i) the CCIV ' s constitution; or

(ii) a notice, document or resolution that is lodged with ASIC;

the issue is taken to vary the rights attached to the existing shares.


 

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