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CORPORATIONS ACT 2001 - SECT 1232L

Additional reporting by CCIVs that are debenture issuers

    If a retail CCIV was a borrower in relation to debentures at the end of a financial year, section   318 applies to the CCIV, in relation to each sub - fund of the CCIV, as if:

  (a)   the requirement in subsection   318(1) were instead a requirement to give to the trustee for debenture holders, by the deadline for the financial year set by section   315 as applied by section   1232J, a copy of each of the reports mentioned in paragraph   1232H(1)(a) for the sub - fund; and

  (b)   the right of a debenture holder under paragraph   318(2)(a) were instead the right to ask the CCIV for copies of the last reports provided under subsection   1232H(1) to members of the sub - fund; and

  (c)   the right of a debenture holder under paragraph   318(2)(b) were instead the right to ask the CCIV for copies of:

  (i)   the full financial report and directors' report described in section   1232C for the sub - fund and prepared for the last financial year; and

  (ii)   the auditor's report relating to the sub - fund for the last financial year; and

  (d)   the requirement in subsection   318(4) were instead a requirement to give to the trustee for debenture holders a copy of the half - year financial report, prepared for the sub - fund under section   302 as applied by section   1232F, within 75 days after the end of the half - year.


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