Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 4 - Compliance plan for retail CCIVs  

Subdivision A - Documenting the compliance plan  

SECTION 1226   REQUIREMENT FOR COMPLIANCE PLAN  

1226(1)    
A retail CCIV must have a compliance plan.

Note: A copy of the compliance plan must be lodged with ASIC with the application to register a CCIV that is to be a retail CCIV: see subsection 1222A(6) .

1226(2)    
A wholesale CCIV is not required to have a compliance plan.

1226(3)    
A CCIV must lodge a copy of its compliance plan with ASIC within 14 days of becoming a retail CCIV. The copy must be signed by all the directors of the corporate director.

Note: Section 1222J defines retail CCIV .

1226(4)    
An offence based on subsection (3) is an offence of strict liability.