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 B
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Rights and remedies of members of a CCIV
SECTION 1227K
1227K
CERTAIN ACTIONS TAKEN TO VARY RIGHTS ETC.
If: (a) a CCIV has a sub-fund to which only one class of shares is referable (the existing shares ); and (b) the CCIV issues new shares that are also referable to that sub-fund; and (c) the rights attaching to the new shares are not the same as the rights attached to the existing shares; and (d) the rights attaching to the new shares are not provided for in:
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 B is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
CCH Note: Section 1227K is modified by the ASIC Corporations (Chapter 5C - Miscellaneous Provisions) Instrument 2017/125.
If: (a) a CCIV has a sub-fund to which only one class of shares is referable (the existing shares ); and (b) the CCIV issues new shares that are also referable to that sub-fund; and (c) the rights attaching to the new shares are not the same as the rights attached to the existing shares; and (d) the rights attaching to the new shares are not provided for in:
(i) the CCIV ' s constitution; or
(ii) a notice, document or resolution that is lodged with ASIC;
the issue is taken to vary the rights attached to the existing shares.
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