Corporations Act 2001
The shares in a body corporate, if not divided into 2 or more classes, constitute a class.
[ CCH Note: S 57(1) will be amended by No 8 of 2022, s 3, Sch 2, by inserting the note (effective 1 July 2022). The note will read:
Note: A CCIV must have a minimum of one class of shares per sub-fund: see section 1230A .]
If the interests in a managed investment scheme to which an undertaking relates are not divided into 2 or more classes, they constitute a class.