Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 2 - Officers and employees of the CCIV  

Subdivision C - Replacing the corporate director  

SECTION 1224Z   FORMER CORPORATE DIRECTOR TO HAND OVER BOOKS AND PROVIDE REASONABLE ASSISTANCE  

1224Z(1)    
If the corporate director of a CCIV changes, the former corporate director must:

(a)    as soon as practicable give the new corporate director any books in the former corporate director ' s possession or control that this Act requires to be kept in relation to the CCIV; and

(b)    give other reasonable assistance to the new corporate director to facilitate the change of corporate director.

1224Z(2)    
An offence based on subsection (1) is an offence of strict liability.


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