Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1241s:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1241S (pt 2/2)
Character Range: 5283476–5284911

under subsection 411(1) or (1A).

Rights issues
 (6) Subsection 1012DAA(3) also applies to contraventions of the following provisions:
 (a) if the relevant product is a security in a CCIV—the provisions of Chapter 2M (as affected by Division 4 of Part 8.4B), or the provisions of that Division, as they:
 (i) apply to the CCIV; or
 (ii) apply for a sub‑fund of the CCIV;
 (b) if the relevant product is a security in a CCIV—section 675 as it applies to the CCIV.
 (7) Treat subsection 1012DAA(7) as:
 (a) providing that paragraph 1012DAA(7)(d) applies only if the relevant product is an interest in a registered scheme; and
 (b) also including the following paragraph:
 "(da) if the relevant product is a security in a CCIV—states that, as at the date of the notice, the CCIV has complied with the provisions of Chapter 2M (as affected by Division 4 of Part 8.4B), and the provisions of that Division, as they:
 (i) apply to the CCIV; and
 (ii) apply for each sub‑fund of the CCIV; and".

Small scale offerings
 (8) Section 1012E also applies to financial products that are securities in a CCIV. For the purposes of that section, to the extent that those securities are referable to a sub‑fund of the CCIV, treat the:
 (a) 20 purchasers ceiling (subsections 1012E(6) and (7)); and
 (b) $2 million ceiling (subsections 1012E(6) and (7));
as applying only to financial products that are securities referable to that sub‑fund of the CCIV.