Document ID: chunk:federal_register_of_legislation:C2025C00182:section:243f
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 243F
Character Range: 627335–628810

243F  Treat the corporate director of a CCIV as providing financial services etc. being provided by the CCIV
 (1) This section applies to a provision of this Act that applies in relation to:
 (a) a service, or matter, that is a financial service for the purposes of that provision; or
 (b) a financial services business; or
 (c) a matter that is prescribed by the regulations for the purposes of this paragraph.

General rule
 (2) For the purposes of that provision of this Act:
 (a) treat any conduct engaged in by, or on behalf of, a CCIV as also being engaged in by, or on behalf of, the corporate director of the CCIV; and
 (b) treat any conduct relating to the CCIV that is engaged in by a person (other than the corporate director of the CCIV) as also being engaged in by that person in relation to the corporate director of the CCIV.
 (3) In subsection (2), conduct means an act, an omission to perform an act or a state of affairs.

Exceptions
 (4) If the CCIV issues a security in the CCIV, then subsection (2) does not treat the corporate director of the CCIV as also being the issuer of the security.
 (5) If the CCIV is a participant in:
 (a) a clearing and settlement facility; or
 (b) a financial market;
subsection (2) does not treat the corporate director of the CCIV as also being a participant in relation to the facility or market.
 (6) Subsection (2) does not apply in any circumstances prescribed by the regulations for the purposes of this subsection.