Corporations Act 2001
View history note
Hide history noteA person may serve a statutory demand on a CCIV under section 459E .
1237E(2)
However, subsection 459E(2) applies to a statutory demand served on a CCIV as if it also required the demand to specify, in relation to each debt to which the demand relates: (a) the sub-fund or sub-funds of the CCIV of which the debt is a liability; and (b) if the debt is a liability of 2 or more sub-funds of the CCIV - the proportion of the debt allocated to each sub-fund at the time the demand is served.
1237E(3)
Whether a CCIV has failed to comply with a statutory demand is determined under section 459F . If the CCIV has failed to comply with a statutory demand, the failure affects each sub-fund specified in the demand.
Note: The sub-funds specified may be affected by a variation made by the Court under subsection 1237H(3) .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
