Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1235e
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1235E
Character Range: 218287–219161

1235E  Provisions for facilitating reconstruction and amalgamation of sub‑funds within a CCIV
 (1) If:
 (a) a compromise or arrangement is proposed for the purposes of, or in connection with, a scheme for the reconstruction of a sub‑fund or sub‑funds or the amalgamation of 2 or more sub‑funds; and
 (b) under the scheme, the whole or any part of the undertaking or of the property of a sub‑fund concerned in the scheme (the transferor sub‑fund) is to become a part of the undertaking or of the property of another sub‑fund of the same CCIV;
the Court may by order provide for any of the matters referred to in subsection 413(1) as if the other sub‑fund were the transferee company referred to in that subsection.
 (2) Nothing in this section limits the orders a Court may make under section 413 if it approves a compromise or arrangement relating to a sub‑fund of a CCIV.