Corporations Act 2001
If: (a) an application to register a company as a CCIV is lodged under section 117 ; and (b) the company meets the requirements for registration as a CCIV set out in section 1222 ;
ASIC may take the steps set out in paragraphs 118(1)(a) , (b) and (c) for the company.
Note 1: The CCIV comes into existence on registration: see section 119 .
Note 2: ASIC must also register at least one sub-fund of the CCIV: see paragraph 1222(d) and section 1222R .
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