Corporations Act 2001
CHAPTER 8B
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CORPORATE COLLECTIVE INVESTMENT VEHICLES
PART 8B.3
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CORPORATE GOVERNANCE OF CCIVs
Division 4
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Compliance plan for retail CCIVs
Subdivision B
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Auditing the compliance plan
SECTION 1226K
ACTION ON CHANGE OF AUDITOR OF COMPLIANCE PLAN
1226K(1)
If the auditor of the compliance plan of a retail CCIV changes, the corporate director must, within 7 days and in the prescribed form, ask ASIC to alter the record of the CCIV ' s registration to show the name of the new auditor as the auditor of the CCIV ' s compliance plan. ASIC must comply with the request if the change complies with this Act.
1226K(2)
An offence based on subsection (1) is an offence of strict liability.
View history note
Hide history noteCCH Note: Division 4 is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Subdivision B is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Section 1226K is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
If the auditor of the compliance plan of a retail CCIV changes, the corporate director must, within 7 days and in the prescribed form, ask ASIC to alter the record of the CCIV ' s registration to show the name of the new auditor as the auditor of the CCIV ' s compliance plan. ASIC must comply with the request if the change complies with this Act.
1226K(2)
An offence based on subsection (1) is an offence of strict liability.
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