Corporations Regulations 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.4 - CORPORATE FINANCE AND FINANCIAL REPORTING FOR CCIVs  

Division 4 - Financial reports and audit of CCIVs  

REGULATION 8B.4.45   ANNUAL FINANCIAL REPORTS FOR SUB-FUNDS - FURTHER REQUIREMENT FOR CROSS-INVESTMENT  

8B.4.45(1)    
For the purposes of subsection 1232D(3) of the Act, a retail CCIV ' s financial report for a sub-fund (the reporting sub-fund ) for a financial year must comply with:

(a)    the further requirements set out in subregulation (2) to the extent that the assets of the reporting sub-fund include shares in the CCIV referable to another sub-fund of the CCIV; and

(b)    the further requirements set out in subregulation (3) to the extent that the assets of another sub-fund of the CCIV include shares in the CCIV referable to the reporting sub-fund.

Requirements for the reporting sub-fund as an investor sub-fund

8B.4.45(2)    
The report must ensure that disclosures of the following are included in the notes to the financial statements of the reporting sub-fund for the financial year:

(a)    the total number of shares in the CCIV that:

(i) are assets of the reporting sub-fund; and

(ii) are referable to other sub-funds of the CCIV at the end of the financial year;

(b)    the total value of those shares at the end of the financial year and expressed in Australian dollars;

(c)    so much of each of the totals in paragraphs (a) and (b) as relates to the shares referable to each of those other sub-funds.

Requirements for the reporting sub-fund as an investee sub-fund

8B.4.45(3)    
The report must ensure that disclosures of the following are included in the notes to the financial statements of the reporting sub-fund for the financial year:

(a)    for the shares in the CCIV referable to the reporting sub-fund of the CCIV:

(i) the total number of those shares that are assets of other sub-funds of the CCIV at the start of the financial year; and

(ii) the total number of those shares that become assets of one or more other sub-funds of the CCIV at any time during the financial year; and

(iii) the total number of those shares that cease to be assets of one or more other sub-funds of the CCIV at any time during the financial year; and

(iv) the total number of those shares that are assets of other sub-funds of the CCIV at the end of the financial year;

(b)    all of the following:

(i) for the shares covered by subparagraph (a)(i) - the total value of those shares at the start of the financial year and expressed in Australian dollars;

(ii) for the shares covered by subparagraph (a)(ii) - the total value of those shares, worked out using the value of each share at the time the share becomes an asset as mentioned in that subparagraph, and expressed in Australian dollars;

(iii) for the shares covered by subparagraph (a)(iii) - the total value of those shares, worked out using the value of each share at the time the share ceases to be an asset as mentioned in that subparagraph, and expressed in Australian dollars;

(iv) for the shares covered by subparagraph (a)(iv) - the total value of those shares at the end of the financial year and expressed in Australian dollars;

(c)    so much of each of the totals in paragraphs (a) and (b) as relates to the shares that are assets of each of those other sub-funds of the CCIV.