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) ).


 

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