Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1235b
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1235B
Character Range: 210590–211114

1235B  Compromises etc. not to be made between 2 or more sub‑funds
  The Court may not approve a compromise or arrangement between a CCIV and:
 (a) the creditors of 2 or more sub‑funds of a CCIV; or
 (b) the members of 2 or more sub‑funds of a CCIV.
Note: However, the Court may approve a further compromise or arrangement between the CCIV and another sub‑fund. If this is done as part of a scheme for the amalgamation or reconstruction of a sub‑fund or sub‑funds, the Court may make appropriate orders: see section 1235E.