Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES

PART 8B.4 - CORPORATE FINANCE, FINANCIAL REPORTING AND SUSTAINABILITY REPORTING FOR CCIVs

CCH note - modifying legislative instruments: The application of Pt 8B.4 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.4, 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.

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Division 4 - Financial reports, sustainability reports and audit of CCIVs

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CCH note - modifying legislative instruments: The application of Division 4 is affected by the following legislative instruments that commenced on or after 1 January 2022: the ASIC Corporations (CCIV Auditors) Instrument 2024/668.

For legislative instruments or class orders before 1 January 2022 that affect the application of Division 4, 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.

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Subdivision F - Appointment and removal of auditors (retail CCIVs only)

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SECTION 1232S EFFECT OF WINDING UP OF SUB-FUND ON OFFICE OF AUDITOR

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Audit and auditor ' s report not required to cover a sub-fund in respect of which a CCIV is being wound up

1232S(1)
An auditor of a CCIV is not required by Division 3 of Part 2M.3 , as it applies under subsection 1232G(1) , to do a thing in relation to a sub-fund at a time if the sub-fund is being wound up at that time.

Auditor ceases to hold office if CCIV is being wound up in respect of all of its sub-funds

1232S(2)
An auditor of a CCIV ceases to hold office if an event mentioned in subsection (3) has occurred in relation to each sub-fund of the CCIV.

1232S(3)
The events are as follows:

(a) a special resolution is passed for the voluntary winding up of a sub-fund of the CCIV;

(b) an order is made by the Court for the winding up of a sub-fund of the CCIV.

1232S(4)
Section 330 does not apply to a CCIV.

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