Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1222D

             (1)  A public company becomes the director of a CCIV on registration if the public company is specified in the application with its consent as the proposed corporate director of the CCIV.

             (2)  A person becomes a member of a CCIV on registration if the person is specified in the application with their consent as a proposed member of the CCIV.

Note:          The shares taken to be issued to the member are those specified in the application: see subsection 120(2).

             (3)  Subsection 120(1) does not apply in relation to a CCIV.