Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.4 - CORPORATE FINANCE AND FINANCIAL REPORTING FOR CCIVs  

Division 4 - Financial reports and audit of CCIVs  

Subdivision C - Financial reporting (retail CCIVs only)  

SECTION 1232E   ANNUAL FINANCIAL REPORTS AND DIRECTORS ' REPORTS FOR SUB-FUNDS - SPECIAL RULES FOR DIRECTORS ' REPORTS  

1232E(1)    
Section 300 applies in relation to a sub-fund of a CCIV referred to in subsection 1232C(1) as if:

(a)    a reference in that section to options, shares or interests relating to the CCIV were instead a reference to options, shares or interests referable to the sub-fund; and

(b)    a reference in that section to indemnities given, or insurance premiums paid, in relation to the CCIV were instead a reference to indemnities given, or insurance premiums paid, out of the assets of the sub-fund.

Note: This translation rule applies in addition to the translation rules in subsections 1232C(2) to (4) .

1232E(2)    
Subsection 300(13) applies in relation to a sub-fund of a CCIV referred to in subsection 1232C(1) as if:

(a)    the sub-fund were a registered scheme; and

(b)    the corporate director of the CCIV were the responsible entity for the scheme; and

(c)    references in that subsection to interests in the scheme were instead references to shares in the CCIV referable to the sub-fund; and

(d)    references in that subsection to scheme property were instead references to the property of the sub-fund.

Note: This translation rule applies in addition to the translation rules in subsections 1232C(2) to (4) .

1232E(3)    
If a sub-fund of a CCIV referred to in subsection 1232C(1) is a listed sub-fund, section 300A does not apply in relation to the sub-fund.