Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteThe minimum amount in relation to the NGF is:
(a) unless paragraph (b) applies - $80,000,000; or
(b) if a determination is in force under subsection (2) - the amount specified in the determination. 889I(2) [ Alternative minimum amount]
The SEGC may, in writing, determine an amount (whether greater than, or less than, $80,000,000) to be the minimum amount in relation to the NGF. The determination does not come into force until it has been approved by the Minister.
889I(3) [ Publication]The SEGC must publish in the Gazette notice of a determination that has come into force under subsection (2). The notice must specify the date when the determination came into force.
889I(4) [ Shortfall of NGF]If the amount in the NGF falls below the minimum amount, the SEGC must consider what action needs to be taken.
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