Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1222

    The requirements for registration of a company as a CCIV are as follows:

  (a)   the company is a company limited by shares;

  (b)   the company has a constitution;

  (c)   the sole proposed director of the company is a public company that holds an Australian financial services licence authorising it to operate the business and conduct the affairs of a CCIV;

  (d)   the company will, upon registration, have at least one sub - fund;

  (e)   each sub - fund of the company will, upon registration, have at least one member;

  (f)   a notice under subsection   1222A(4) (about whether a CCIV is to be a retail CCIV or a wholesale CCIV) has been lodged with the application;

  (g)   if the company will, on registration, be a retail CCIV--the company has a compliance plan.

Note:   CCIV is short for corporate collective investment vehicle, which is a type of company that can be registered under this Act: see section   112.