Corporations Act 2001
View history note
Hide history noteA part of the business of a CCIV must not be operated if it is not registered as a sub-fund.
1233B(2)
A part of the business of a CCIV that is registered as a sub-fund must be operated as a separate business from the business of any other sub-fund of the CCIV.
Requirement for corporate director to operate sub-funds as separate businesses
1233B(3)
The corporate director of a CCIV contravenes this subsection if: (a) the corporate director operates a part of the business of the CCIV; and (b) the operation contravenes subsection (1) or (2) .
Fault-based offence
1233B(4)
A person commits an offence if the person contravenes subsection (3) .
Strict liability offence
1233B(5)
A person commits an offence of strict liability if the person contravenes subsection (3) .
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