Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 6 - Meetings  

Subdivision A - Directors ' meetings  

SECTION 1228   RESOLUTIONS OF CCIVs  

1228(1)  
The corporate director of a CCIV may pass a resolution by the directors of the corporate director passing a resolution that:

(a)  expressly states that the resolution is passed on behalf of the corporate director in its capacity as corporate director; and

(b)  if the corporate director is the corporate director of more than one CCIV - expressly states the CCIV on behalf of which the resolution is passed.

1228(2)  
Part 2G.1 (about directors ' meetings) does not apply to a CCIV.

1228(3)  
To avoid doubt, subsection (2) does not affect:

(a)  the application of Part 2G.1 to a resolution of, or a meeting of, the directors of the corporate director of a CCIV; or

(b)  the application of Part 2G.3 (about minutes and members ' access to minutes) to a resolution passed under subsection (1) .


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