Corporations Act 2001
CHAPTER 8B
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CORPORATE COLLECTIVE INVESTMENT VEHICLES
PART 8B.3
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CORPORATE GOVERNANCE OF CCIVs
Division 2
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Officers and employees of the CCIV
Subdivision D
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Termination payments
SECTION 1224ZC
1224ZC
MEMBER APPROVAL NOT NEEDED FOR BENEFIT SPECIFIED IN CONSTITUTION
Despite subsection 200AB(1) , for the purposes of Division 2 of Part 2D.2 , a benefit does not include a payment made by the CCIV to its corporate director if: (a) the corporate director is entitled to the payment under provisions of the constitution; and (b) for a retail CCIV - the provisions comply with section 1224N .
View history note
Hide history noteCCH Note: Division 2 is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Subdivision D is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Section 1224ZC is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
Despite subsection 200AB(1) , for the purposes of Division 2 of Part 2D.2 , a benefit does not include a payment made by the CCIV to its corporate director if: (a) the corporate director is entitled to the payment under provisions of the constitution; and (b) for a retail CCIV - the provisions comply with section 1224N .
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