Corporations Act 2001

CHAPTER 1 - INTRODUCTORY  

PART 1.2 - INTERPRETATION  

Division 7 - Meaning of some other expressions  

SECTION 53AAA   MEANING OF AFFAIRS - CCIV  

53AAA(1)    
For the purposes of the provisions referred to in subsection (3) , the affairs of a body corporate that is a CCIV include anything that would be included in the affairs of a body corporate under section 53 .

53AAA(2)    
In applying paragraph 53(d) to the CCIV:

(a)    disregard subparagraphs (ii) and (iia) ; and

(b)    treat the reference in subparagraph (iv) to the body as instead being a reference to a sub-fund of the CCIV; and

(c)    treat the reference to a liquidator or provisional liquidator of the body as instead being a reference to a liquidator or provisional liquidator of a sub-fund of the CCIV.

53AAA(3)    
The provisions for subsection (1) are the following:

(a)    a provision referred to in section 53 ;

(b)    a provision prescribed for the purposes of section 53 ;

(c)    section 1222 (about requirements for registration as a CCIV);

(d)    section 1224F (about who can be the director of a CCIV);

(e)    section 1224J (about corporate director must operate the CCIV);

(f)    section 1237V (about Court order imposing liability on unlicensed person operating CCIV);

(g)    section 1241C (about extra kinds of financial services relating to CCIVs);

(h)    section 1241E (about when conduct does not constitute providing a custodial or depository service in relation to a CCIV);

(i)    section 1241F (about Australian financial services licences to conduct the affairs of a CCIV);

(j)    section 1241L (about financial services disclosure does not apply to conducting the affairs of CCIVs);

(k)    a provision of this Act prescribed by the regulations for the purposes of this paragraph.