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CORPORATIONS ACT 2001 - SECT 1241P

Modifications of Part 7.8A

             (1)  Paragraph 994B(3)(d) (about an exception to making a target market determination for a financial product) does not apply to a fully paid ordinary share in a CCIV.

             (2)  If a contravention referred to in paragraph 994M(1)(a) is a contravention by a CCIV, subsection 994M(1) applies to authorise recovery by action against the CCIV's corporate director instead of against the CCIV.

Note:          Subsection 994M(1) authorises a client to recover the amount of loss or damage suffered because of certain contraventions.



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