Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1237C

                   For the purposes of the application of the winding up provisions, as those provisions apply subject to item 1 of the table in subsection 1237B(4):

                     (a)  a debt of the CCIV is taken to be a debt of a sub-fund to the extent (if any) that the debt is a liability of the sub-fund; and

                     (b)  a claim against the CCIV is taken to be a claim against a sub-fund of the CCIV to the extent (if any) that the claim is a liability of the sub-fund.

Note:          A reference to a liability of a sub-fund of a CCIV includes debts and claims: see section 1233A.