Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.5 - OPERATING A CCIV  

Division 3 - Requirement for assets and liabilities to be allocated between sub-funds  

Subdivision A - The CCIV ' s allocation register  

SECTION 1233G   REQUIREMENT TO RETAIN RECORDS OF ALLOCATIONS FOR 7 YEARS  

1233G(1)    
The corporate director must retain a record of:

(a)    entries made in the allocation register in relation to assets and liabilities of the CCIV; and

(b)    determinations made under Subdivision B or C in relation to assets and liabilities of the CCIV (including variations made under section 1233N ).

1233G(2)    
The records must be retained for 7 years after the end of the year in which:

(a)    for money or property - the money or property is disposed of or otherwise ceases to be money or property of the CCIV; and

(b)    for a liability - the liability is discharged or otherwise ceases to be a liability of the CCIV.

Fault-based offence

1233G(3)    
A person commits an offence if the person contravenes subsection (1) .

Strict liability offence

1233G(4)    
A person commits an offence of strict liability if the person contravenes subsection (1) .