Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1224ZD

  (1)   Sections   200B and 200C apply in relation to a benefit given by a CCIV as if:

  (a)   the members whose approval is required under those provisions were the members of the sub - fund of the CCIV that would be affected by the giving of the benefit; and

  (b)   the member approval mentioned in paragraph   (a) were required to be given under section   200E as modified by subsection   (3) of this section.

Note:   If the CCIV is a retail CCIV, there are additional restrictions on giving benefits: see section   1224N.

  (2)   If the giving of the benefit would affect 2 or more sub - funds of the CCIV, then the approval of each affected sub - fund must be obtained in the way mentioned in subsection   (1).

Member approval

  (3)   Section   200E applies in relation to a CCIV as if a reference to a general meeting were instead a reference to a meeting of the members of the affected sub - fund.