Corporations Act 2001
View history note
Hide history noteThe corporate director of a CCIV must set up and maintain a register of the assets and liabilities of the sub-funds of the CCIV. The register is the CCIV ' s allocation register.
Note: The register may be kept on computer (see section 1306 ).
Strict liability offence
1233C(2)
A person commits an offence of strict liability if the person contravenes subsection (1) .
Corporate director must maintain allocation register during liquidation
1233C(3)
For the purposes of section 1224Q (about exercise of powers while sub-fund in liquidation), the maintenance of the allocation register is a function the corporate director is required by this section to perform even when one or more, or all, of the sub-funds of the CCIV are being wound up.
Note: However, the corporate director may not make allocation determinations in relation to assets and liabilities while all the sub-funds are being wound up: see subsections 1233J(7) and 1233M(7) .
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