Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1232e
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1232E
Character Range: 164334–165784

1232E  Annual financial reports and directors' reports for sub‑funds—special rules for directors' reports
 (1) Section 300 applies in relation to a sub‑fund of a CCIV referred to in subsection 1232C(1) as if:
 (a) a reference in that section to options, shares or interests relating to the CCIV were instead a reference to options, shares or interests referable to the sub‑fund; and
 (b) a reference in that section to indemnities given, or insurance premiums paid, in relation to the CCIV were instead a reference to indemnities given, or insurance premiums paid, out of the assets of the sub‑fund.
Note: This translation rule applies in addition to the translation rules in subsections 1232C(2) to (4).
 (2) Subsection 300(13) applies in relation to a sub‑fund of a CCIV referred to in subsection 1232C(1) as if:
 (a) the sub‑fund were a registered scheme; and
 (b) the corporate director of the CCIV were the responsible entity for the scheme; and
 (c) references in that subsection to interests in the scheme were instead references to shares in the CCIV referable to the sub‑fund; and
 (d) references in that subsection to scheme property were instead references to the property of the sub‑fund.
Note: This translation rule applies in addition to the translation rules in subsections 1232C(2) to (4).
 (3) If a sub‑fund of a CCIV referred to in subsection 1232C(1) is a listed sub‑fund, section 300A does not apply in relation to the sub‑fund.