Commonwealth Consolidated Acts

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Retail CCIV--Basic content requirements

                   A retail CCIV's constitution must do the following:

                     (a)  make provision for the establishment of sub-funds, and classes of shares referable to sub-funds;

                     (b)  make provision for the method by which complaints made by members in relation to the CCIV are to be dealt with;

                     (c)  state that the CCIV has the power to borrow or raise money;

                     (d)  if there are to be any limits on the CCIV's exercise of the power to borrow or raise money--sets out those limits;

                     (e)  if the CCIV is to acquire in respect of any of its sub-funds, one or more shares that are referable to another of its sub-funds--make provision for such acquisitions.

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