Commonwealth Consolidated ActsSubsection 766D(1) does not apply to a CCIV, nor to the corporate director of a CCIV, for:
(a) a proposed buy - back by the CCIV; or
(b) the proposed issuing or redeeming by the CCIV of:
(i) redeemable shares in the CCIV; or
(ii) redeemable preference shares in the CCIV.