Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1237e
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1237E
Character Range: 242894–243764

1237E  Statutory demand—creditor may serve demand on CCIV
 (1) A person may serve a statutory demand on a CCIV under section 459E.
 (2) However, subsection 459E(2) applies to a statutory demand served on a CCIV as if it also required the demand to specify, in relation to each debt to which the demand relates:
 (a) the sub‑fund or sub‑funds of the CCIV of which the debt is a liability; and
 (b) if the debt is a liability of 2 or more sub‑funds of the CCIV—the proportion of the debt allocated to each sub‑fund at the time the demand is served.
 (3) Whether a CCIV has failed to comply with a statutory demand is determined under section 459F. If the CCIV has failed to comply with a statutory demand, the failure affects each sub‑fund specified in the demand.
Note: The sub‑funds specified may be affected by a variation made by the Court under subsection 1237H(3).