Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1227
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1227
Character Range: 101550–102338

1227  Application of Chapter 2E to retail CCIVs
 (1) Subject to this Part, Chapter 2E applies:
 (a) to a retail CCIV in the same way as it applies to a public company; and
 (b) to an entity a retail CCIV controls in the same way as it applies to an entity a public company controls.
 (2) In its application in relation to a retail CCIV, the members whose interests the rules in Chapter 2E are designed to protect are:
 (a) if one sub‑fund would be affected by the giving of the relevant financial benefit to the related party—the members, as a whole, of that sub‑fund; or
 (b) if 2 or more sub‑funds would be affected by the giving of the relevant financial benefit to the related party—the members, as a whole, of each such sub‑fund.
 (3) Chapter 2E does not apply to a wholesale CCIV.