Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 2 - Officers and employees of the CCIV  

Subdivision C - Replacing the corporate director  

SECTION 1224X   TEMPORARY CORPORATE DIRECTOR FAILS TO INITIATE APPOINTMENT OF PERMANENT CORPORATE DIRECTOR  

1224X(1)    
This section applies if:

(a)    a temporary corporate director is appointed by the Court under section 1224V ; and

(b)    the temporary corporate director fails to call a members ' meeting to consider and vote on a special resolution choosing a company to be the permanent corporate director within the period applicable under subsection 1224W(3) .

1224X(2)    
An application to the Court for the appointment of a temporary corporate director of the CCIV under section 1224V may be made by any of the following:

(a)    ASIC;

(b)    a member, or group of members, of the CCIV.