Commonwealth Consolidated Acts

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Requirements for registration as a CCIV

                   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.

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