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 5
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Member protection
Subdivision A
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Related party transactions by retail CCIVs to be approved at sub-fund level
SECTION 1227B
EXCEPTIONS NOT AVAILABLE FOR A RETAIL CCIV
1227B(1)
The following provisions of Division 2 of Part 2E.1 do not apply where the financial benefit is, or is to be, given by a retail CCIV: (a) section 211 (which deals with remuneration and reimbursement for an officer or employee); (b) section 213 (which deals with small amounts given to a related party); (c) section 214 (which deals with financial benefits given to a closely held subsidiary).
1227B(2)
Subsection (1) does not affect the application of those provisions where the financial benefit is, or is to be, given by an entity the retail CCIV controls.
View history note
Hide history noteCCH Note: Division 5 is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Subdivision A is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Section 1227B is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
The following provisions of Division 2 of Part 2E.1 do not apply where the financial benefit is, or is to be, given by a retail CCIV: (a) section 211 (which deals with remuneration and reimbursement for an officer or employee); (b) section 213 (which deals with small amounts given to a related party); (c) section 214 (which deals with financial benefits given to a closely held subsidiary).
1227B(2)
Subsection (1) does not affect the application of those provisions where the financial benefit is, or is to be, given by an entity the retail CCIV controls.
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