Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.4 - CORPORATE FINANCE AND FINANCIAL REPORTING FOR CCIVs  

Division 1 - Shares  

Subdivision F - Cross-investment between sub-funds of a CCIV  

SECTION 1230T   REQUIREMENTS OR RESTRICTIONS ON MEMBERSHIP RIGHTS FOR SHARES ACQUIRED FROM CROSS-INVESTMENT  

Voting at a meeting of the CCIV ' s members

1230T(1)    
Despite any other provision of this Act, a CCIV ' s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds does not entitle the CCIV to vote as a member on a resolution at a meeting of the CCIV ' s members.

Voting at a meeting of members of a sub-fund of the CCIV

1230T(2)    
A CCIV ' s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds entitles the CCIV to vote as a member on a resolution at a meeting of the members of the sub-fund.

1230T(3)    
A CCIV ' s entitlement to vote as described in subsection (2) applies:

(a)    despite any other provision of this Act; but

(b)    subject to any requirements or restrictions prescribed by regulations made for the purposes of this paragraph.