Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 - SECT 1230V

General duties still apply for cross-investment between sub-funds

                   None of the following:

                     (a)  the corporate director of a CCIV;

                     (b)  an officer, or employee, of the corporate director of a CCIV;

is relieved from any of their duties under this Act, or their fiduciary duties, in connection with an acquisition merely because the acquisition is permitted by this Subdivision.

Note:          These duties include those in sections 180, 181, 182, 183 and 184 and in Divisions 2 and 3 of Part 8B.3.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback