Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.7 - CONTROL, FINANCIAL SERVICES AND DISCLOSURE  

Division 4 - Financial services and markets  

SECTION 1241E  

1241E   CERTAIN CONDUCT RELATING TO CCIVs IS NOT PROVIDING A CUSTODIAL OR DEPOSITORY SERVICE  

Treat subsection 766E(3) as also providing that none of the following conduct constitutes providing a custodial or depository service :

(a)    operating as a CCIV;

(b)    operating the business and conducting the affairs of a CCIV;

(c)    holding the money or property of a CCIV.

Note: Holding the assets of a sub-fund of a CCIV is covered by paragraph (c) and does not constitute providing a custodial or depository service .