Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 57

             (1)  The shares in a body corporate, if not divided into 2 or more classes, constitute a class.

Note:          A CCIV must have a minimum of one class of shares per sub-fund: see section 1230A.

             (2)  If the interests in a managed investment scheme to which an undertaking relates are not divided into 2 or more classes, they constitute a class.