Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.6 - EXTERNAL ADMINISTRATION AND DEREGISTRATION  

Division 3 - Receivers, and other controllers, of property of sub funds  

Subdivision E - Other modifications  

SECTION 1236K  

1236K   APPLICATION OF SUB-FUND PROPERTY TO MEET CERTAIN PRIORITY PAYMENTS  

If a receiver is appointed in respect of property of a sub-fund of a CCIV, the assets of the sub-fund may be applied for the purposes of paying debts or amounts that, under section 433 , must be paid in priority to any claim for principal or interest in respect of the debentures referred to in that section.