Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1236K

Application of sub - fund property to meet certain priority payments

    If a receiver is appointed in respect of property of a sub - fund of a CCIV, the assets of the sub - fund may be applied for the purposes of paying debts or amounts that, under section   433, must be paid in priority to any claim for principal or interest in respect of the debentures referred to in that section.


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