Corporations Act 2001
View history note
Hide history noteBefore ASIC destroys, in accordance with subsection 70-31(9) of Schedule 2 , books relating to the winding up of a sub-fund of a CCIV, ASIC must notify the CCIV that it intends to do so.
1237T(2)
Despite subsection 70-31(9) of Schedule 2 , if: (a) ASIC retains books under subsection 70-31(8) of Schedule 2 in relation to the winding up of a sub-fund of a CCIV; and (b) the retention period mentioned in that subsection ends; and (c) the CCIV, by resolution of the corporate director, directs ASIC not to destroy the books;
ASIC must, as soon as practicable, transfer possession or control of those books to the CCIV.
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