Corporations Act 2001

CHAPTER 5C - MANAGED INVESTMENT SCHEMES  

PART 5C.9 - 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;

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)).