Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1241p
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1241P
Character Range: 312759–313307

1241P  Modifications of Part 7.8A
 (1) Paragraph 994B(3)(d) (about an exception to making a target market determination for a financial product) does not apply to a fully paid ordinary share in a CCIV.
 (2) If a contravention referred to in paragraph 994M(1)(a) is a contravention by a CCIV, subsection 994M(1) applies to authorise recovery by action against the CCIV's corporate director instead of against the CCIV.
Note: Subsection 994M(1) authorises a client to recover the amount of loss or damage suffered because of certain contraventions.