Corporations Act 2001
View history note
Hide history noteASIC may direct a CCIV in writing to change the name of a sub-fund of the CCIV within 2 months if: (a) the name should not have been registered; or (b) ASIC has directed the CCIV to change its name under section 158 .
1222Z(2)
The CCIV must comply with the direction within 2 months after being given it.
1222Z(3)
An offence based on subsection (2) is an offence of strict liability.
1222Z(4)
If the CCIV does not comply with subsection (2) , ASIC may change the sub-fund ' s name to the expression " Australian Registered Fund Number " followed by the sub-fund ' s ARFN. ASIC does this by altering ASIC ' s record of the sub-fund ' s registration to reflect the change.
Note: For ASIC ' s record of the registration of a sub-fund, see subsection 1222S(4) .
1222Z(5)
A change of name under subsection (4) takes effect when ASIC alters ASIC ' s record of the sub-fund ' s registration.
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