Corporations Act 2001
CHAPTER 5C
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MANAGED INVESTMENT SCHEMES
PART 5C.9
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WINDING UP
SECTION 601NA
601NA
WINDING UP REQUIRED BY SCHEME'S CONSTITUTION
The constitution of a registered scheme may provide that the scheme is to be wound up:
(a) at a specified time; or
(b) in specified circumstances or on the happening of a specified event;
The constitution of a registered scheme may provide that the scheme is to be wound up:
(a) at a specified time; or
(b) in specified circumstances or on the happening of a specified event;
but a provision of the constitution that purports to provide that the scheme is to be wound up if a particular company ceases to be its responsible entity is of no effect (including for the purposes of paragraph 601NE(1)(a)).
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