Commonwealth Consolidated Acts

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Notifying of appointment, resignation or removal of liquidator

             (1)  If:

                     (a)  a liquidator of a sub-fund of a CCIV is appointed, resigns or is removed from office; and

                     (b)  one or more persons, other than the CCIV, holds assets of the sub-fund of the CCIV;

the liquidator must, as soon as practicable, and in any event within 3 business days after the liquidator's appointment, resignation or removal, notify each such person in writing of the appointment, resignation or removal.

             (2)  In this section:

"liquidator" includes a provisional liquidator.

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