Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1241e
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1241E
Character Range: 304817–305331

1241E  Certain conduct relating to CCIVs is not providing a custodial or depository service
  Treat subsection 766E(3) as also providing that none of the following conduct constitutes providing a custodial or depository service:
 (a) operating as a CCIV;
 (b) operating the business and conducting the affairs of a CCIV;
 (c) holding the money or property of a CCIV.
Note: Holding the assets of a sub‑fund of a CCIV is covered by paragraph (c) and does not constitute providing a custodial or depository service.