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CORPORATIONS ACT 2001 - SECT 1230U

Cross-investment between sub-funds is not a share buy-back

                   For the purposes of section 1231C and Division 2 of Part 2J.1, the acquisition by a CCIV of any of its shares is not a buy-back of the share if:

                     (a)  the acquisition is in respect of a sub-fund of the CCIV; and

                     (b)  the share is referable to another of the CCIV's sub-funds.



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