Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

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

Division 4 - Financial reports and audit of CCIVs  

Subdivision B - Financial records (all CCIVs)  

SECTION 1232A   OBLIGATION TO KEEP FINANCIAL RECORDS FOR SUB-FUNDS  

1232A(1)    
Without limiting the application of subsection 286(1) to the retail or wholesale CCIV, the CCIV must also, for each sub-fund of the CCIV, keep written financial records that:

(a)    correctly record and explain the transactions relating to the sub-fund and the financial position and performance of the sub-fund; and

(b)    would enable true and fair financial statements to be prepared and audited for the sub-fund; and

(c)    comply with any further requirements prescribed by regulations made for the purposes of this paragraph.

Note: Section 9 defines financial records .

1232A(2)    
The remaining provisions of Part 2M.2 apply in relation to the financial records for the sub-fund as if the sub-fund were the CCIV.

1232A(3)    
This section does not apply if the CCIV has only one sub-fund.