Commonwealth Consolidated Acts

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Meetings of members of CCIVs

             (1)  Parts 2G.2 (about meetings of members of companies) and 2G.3 (about minutes and members' access to minutes) do not apply to a CCIV or its members.

             (2)  Subject to the modifications set out in this Subdivision, Part 2G.4 (about meetings of members of registered managed investment schemes) applies in relation to a CCIV and its members as if:

                     (a)  the CCIV were a registered scheme; and

                     (b)  the members of the CCIV were the members of that scheme; and

                     (c)  the corporate director of the CCIV were the responsible entity of that scheme; and

                     (d)  the CCIV's constitution were the scheme's constitution; and

                     (e)  the CCIV's compliance plan were the compliance plan of that scheme.

             (3)  Any power to prescribe, for the purposes of a provision of Part 2G.4, a number of members of a particular registered scheme or class of scheme includes a power to prescribe, for the purposes of that provision as it applies under this section, a number of members of:

                     (a)  a particular CCIV; or

                     (b)  a particular class of CCIV.

Note:          Subsections 252B(1A), 252L(1A) and 252N(2A) provide for the prescribing of numbers of members.

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