Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1232S

Audit and auditor's report not required to cover a sub - fund in respect of which a CCIV is being wound up

  (1)   An auditor of a CCIV is not required by Division   3 of Part   2M.3, as it applies under subsection   1232G(1), to do a thing in relation to a sub - fund at a time if the sub - fund is being wound up at that time.

Auditor ceases to hold office if CCIV is being wound up in respect of all of its sub - funds

  (2)   An auditor of a CCIV ceases to hold office if an event mentioned in subsection   (3) has occurred in relation to each sub - fund of the CCIV.

  (3)   The events are as follows:

  (a)   a special resolution is passed for the voluntary winding up of a sub - fund of the CCIV;

  (b)   an order is made by the Court for the winding up of a sub - fund of the CCIV.

  (4)   Section   330 does not apply to a CCIV.