Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 - SECT 1236L

Transfer of books to ASIC etc.

             (1)  Before ASIC destroys, in accordance with subsection 422D(9), books relating to the control of property of a sub-fund of a CCIV, ASIC must notify the CCIV that it intends to do so.

             (2)  Despite subsection 422D(9), if:

                     (a)  ASIC retains books under subsection 422D(8) in relation to the control of property of a sub-fund of a CCIV; and

                     (b)  the retention period mentioned in that subsection ends; and

                     (c)  the CCIV, by resolution of the corporate director, directs ASIC not to destroy the books;

ASIC must, as soon as practicable, transfer possession or control of those books to the CCIV.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback