Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1227

             (1)  Subject to this Part, Chapter 2E applies:

                     (a)  to a retail CCIV in the same way as it applies to a public company; and

                     (b)  to an entity a retail CCIV controls in the same way as it applies to an entity a public company controls.

             (2)  In its application in relation to a retail CCIV, the members whose interests the rules in Chapter 2E are designed to protect are:

                     (a)  if one sub-fund would be affected by the giving of the relevant financial benefit to the related party--the members, as a whole, of that sub-fund; or

                     (b)  if 2 or more sub-funds would be affected by the giving of the relevant financial benefit to the related party--the members, as a whole, of each such sub-fund.

             (3)  Chapter 2E does not apply to a wholesale CCIV.