Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of paragraph 1230T(3)(b) of the Act, a CCIV's entitlement, as described in subsection 1230T(2) of the Act, to vote:
(a) in respect of each share that the CCIV has acquired in respect of a sub - fund of the CCIV (the first sub - fund ) and that is referable to another sub - fund of the CCIV (the second sub - fund ); and
(b) as a member of the second sub - fund on a resolution (the relevant resolution ) at a meeting of the members of the second sub - fund;
is subject to the requirement and restriction mentioned in subregulation (2).
(2) For the purposes of subregulation (1), there is:
(a) a requirement that the CCIV must vote, in respect of each such share, on the relevant resolution in the way determined by resolution of the members of the first sub - fund; and
(b) a restriction that the CCIV must not vote, in respect of
each such share, on the relevant resolution if a resolution that determines
the way the CCIV must vote on the relevant resolution is not made by the
members of the first sub - fund.