Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1230t
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1230T
Character Range: 149061–149970

1230T  Requirements or restrictions on membership rights for shares acquired from cross‑investment

Voting at a meeting of the CCIV's members
 (1) Despite any other provision of this Act, a CCIV's acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub‑funds does not entitle the CCIV to vote as a member on a resolution at a meeting of the CCIV's members.

Voting at a meeting of members of a sub‑fund of the CCIV
 (2) A CCIV's acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub‑funds entitles the CCIV to vote as a member on a resolution at a meeting of the members of the sub‑fund.
 (3) A CCIV's entitlement to vote as described in subsection (2) applies:
 (a) despite any other provision of this Act; but
 (b) subject to any requirements or restrictions prescribed by regulations made for the purposes of this paragraph.