Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1236l
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1236L
Character Range: 5197079–5197756

1236L  Transfer of books to ASIC etc.
 (1) Before ASIC destroys, in accordance with subsection 422D(9), books relating to the control of property of a sub‑fund of a CCIV, ASIC must notify the CCIV that it intends to do so.
 (2) Despite subsection 422D(9), if:
 (a) ASIC retains books under subsection 422D(8) in relation to the control of property of a sub‑fund of a CCIV; and
 (b) the retention period mentioned in that subsection ends; and
 (c) the CCIV, by resolution of the corporate director, directs ASIC not to destroy the books;
ASIC must, as soon as practicable, transfer possession or control of those books to the CCIV.

Division 4—Administration and restructuring