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CORPORATIONS ACT 2001 - SECT 1232A

Obligation to keep financial records for sub - funds

  (1)   Without limiting the application of subsection   286(1) to the retail or wholesale CCIV, the CCIV must also, for each sub - fund of the CCIV, keep written financial records that:

  (a)   correctly record and explain the transactions relating to the sub - fund and the financial position and performance of the sub - fund; and

  (b)   would enable true and fair financial statements to be prepared and audited for the sub - fund; and

  (c)   comply with any further requirements prescribed by regulations made for the purposes of this paragraph.

Note:   Section   9 defines financial records .

  (2)   The remaining provisions of Part   2M.2 apply in relation to the financial records for the sub - fund as if the sub - fund were the CCIV.

  (3)   This section does not apply if the CCIV has only one sub - fund.


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