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 1236L   TRANSFER OF BOOKS TO ASIC ETC.  

1236L(1)    
Before ASIC destroys, in accordance with subsection 422D(9) , books relating to the control of property of a sub-fund of a CCIV, ASIC must notify the CCIV that it intends to do so.

1236L(2)    
Despite subsection 422D(9) , if:

(a)    ASIC retains books under subsection 422D(8) in relation to the control of property of a sub-fund of a CCIV; and

(b)    the retention period mentioned in that subsection ends; and

(c)    the CCIV, by resolution of the corporate director, directs ASIC not to destroy the books;

ASIC must, as soon as practicable, transfer possession or control of those books to the CCIV.



View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.