Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1238e
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1238E
Character Range: 272404–273102

1238E  Interpretation of ceased to carry on business
 (1) For the purposes of Part 5.8, a sub‑fund is taken to have ceased to carry on business only if:
 (a) 2 months have passed since a notice under subsection 1239(5) (about voluntary deregistration of a sub‑fund) relating to the sub‑fund was published and ASIC has not been informed that the part of the business of the CCIV that is registered as the sub‑fund is being carried on; or
 (b) ASIC has published a notice under subsection 1239B(1) (about ASIC initiated deregistration of a sub‑fund) relating to the sub‑fund.
 (2) Subsection 589(3) does not apply to determine when a sub‑fund of a CCIV is taken to have ceased to carry on business.