Commonwealth Consolidated Acts

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Compromises etc. not to be made between 2 or more sub-funds

                   The Court may not approve a compromise or arrangement between a CCIV and:

                     (a)  the creditors of 2 or more sub-funds of a CCIV; or

                     (b)  the members of 2 or more sub-funds of a CCIV.

Note:          However, the Court may approve a further compromise or arrangement between the CCIV and another sub-fund. If this is done as part of a scheme for the amalgamation or reconstruction of a sub-fund or sub-funds, the Court may make appropriate orders: see section 1235E.

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