Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 1 - Governance rules  

Subdivision C - Minimum content requirements for the constitution of a CCIV  

SECTION 1223G  

1223G   RETAIL CCIV - BASIC CONTENT REQUIREMENTS  

A retail CCIV ' s constitution must do the following:

(a)    make provision for the establishment of sub-funds, and classes of shares referable to sub-funds;

(b)    make provision for the method by which complaints made by members in relation to the CCIV are to be dealt with;

(c)    state that the CCIV has the power to borrow or raise money;

(d)    if there are to be any limits on the CCIV ' s exercise of the power to borrow or raise money - sets out those limits;

(e)    if the CCIV is to acquire in respect of any of its sub-funds, one or more shares that are referable to another of its sub-funds - make provision for such acquisitions.