Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe following table sets out the main provisions of this Act that apply only in relation to retail CCIVs. If a provision is not set out in this table, disregard that fact in deciding whether or not the provision applies only to retail CCIVs.
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Provisions that apply only to retail CCIVs | ||
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Topic |
Provision(s) | |
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1 |
A sub-fund of a retail CCIV may be registered as an Australian passport fund |
Part 8A.3 |
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2 |
ASIC may direct a retail CCIV to modify its constitution | |
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3 |
Content requirements for the constitution of a retail CCIV |
sections 1223G and 1223H |
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4 |
Duties owed by a director of a retail CCIV |
subsection 1224D(2) |
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5 |
The corporate director of a retail CCIV must have external directors | |
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6 |
Extended responsibility of corporate director of a retail CCIV for certain acts of agents | |
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7 |
Limitation on right of the corporate director of a retail CCIV to fees and indemnities | |
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8 |
Limitation on right of the corporate director of a retail CCIV to acquire shares in the CCIV | |
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9 |
Duties owed by the officers of the corporate director of a retail CCIV | |
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10 |
Duties owed by the employees of the corporate director of a retail CCIV | |
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11 |
Requirement for a retail CCIV to have a compliance plan |
Division 4 of Part 8B.3 |
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12 |
Requirement for member approval for certain related party transactions relating to retail CCIVs (application of Chapter 2E) |
Subdivision A of Division 5 of Part 8B.3 |
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13 |
Further requirements for redemptions of shares by a retail CCIV | |
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14 |
Requirements for self-acquisition by retail CCIV |
subsection 1231J(2) |
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15 |
Part 2M.3 (financial reporting) | |