Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.6 - EXTERNAL ADMINISTRATION AND DEREGISTRATION  

Division 5 - Winding up of sub funds  

Subdivision C - Winding up of a sub-fund in insolvency  

SECTION 1237D  

1237D   WHEN A SUB-FUND IS PRESUMED TO BE INSOLVENT  

Paragraph 459C(2)(a) is taken to be satisfied in relation to a sub-fund of a CCIV if:

(a)    the CCIV failed (as defined by section 459F ) to comply with a statutory demand; and

(b)    the failure affects the sub-fund (see subsection 1237E(3) ).