Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.2 - REGISTRATION OF CCIVs  

Division 1 - Registering a CCIV  

Subdivision B - How a CCIV is registered  

SECTION 1222D   CORPORATE DIRECTOR AND MEMBERS OF A CCIV  

1222D(1)    
A public company becomes the director of a CCIV on registration if the public company is specified in the application with its consent as the proposed corporate director of the CCIV.

1222D(2)    
A person becomes a member of a CCIV on registration if the person is specified in the application with their consent as a proposed member of the CCIV.

Note: The shares taken to be issued to the member are those specified in the application: see subsection 120(2) .


1222D(3)    
Subsection 120(1) does not apply in relation to a CCIV.


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