Corporations Act 2001
View history note
Hide history noteA person who holds assets of a sub-fund of a CCIV that have been clearly identified as such in the CCIV ' s allocation register must hold the assets separately from any other property (including from assets of any other sub-fund of the CCIV).
Note: This subsection is a civil penalty provision (see section 1317E ).
1234J(2)
A person who holds money or property of a CCIV that has not yet been clearly identified in the CCIV ' s allocation register as forming part of the assets of a sub-fund or sub-funds of the CCIV must hold that money or property separately from any other property.
Note: This subsection is a civil penalty provision (see section 1317E ).
1234J(3)
Despite subsection (1) , a person who holds an item of property of a CCIV to which section 1233K (about property that has to be converted into money etc.) applies must hold that item of property separately from any other property.
Note: This subsection is a civil penalty provision (see section 1317E ).
1234J(4)
Subsections (1) , (2) and (3) are subject to the regulations made for the purposes of this subsection.
Strict liability offence
1234J(5)
An offence based on subsection (1) , (2) or (3) is an offence of strict liability.
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