Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.4 - CORPORATE FINANCE AND FINANCIAL REPORTING FOR CCIVs  

Division 3 - Debentures  

SECTION 1231N   DEBENTURES CAN ONLY BE ISSUED IN RESPECT OF SUB-FUNDS  

1231N(1)    
A CCIV can issue a debenture only if the debenture holder ' s rights in respect of assets of the CCIV are restricted to rights in respect of the assets of one (and only one) sub-fund of the CCIV. This is the sub-fund to which the debenture is referable .

1231N(2)    
Subsection (1) limits paragraph 124(1)(b) in relation to a CCIV.

1231N(3)    
If a security interest is included in or created by a debenture or the trust deed required by section 283AB , the security interest must not be over property of the CCIV that forms part of the assets of a different sub-fund of the CCIV.