Document ID: chunk:federal_register_of_legislation:F2022C00514:reg:11za
Version: federal_register_of_legislation:F2022C00514
Segment Type: reg
Provision Reference: reg 11ZA
Character Range: 52857–53667

11ZA  Closed or wound up Investment Division
 (1) CSC may refuse to approve a transfer application if, before the application is processed, CSC decides:
 (a) to merge an Investment Division nominated by the member with another Investment Division; or
 (b) to refuse to issue further units for the Investment Division; or
 (c) to wind up the Investment Division.
 (2) If CSC refuses to approve the transfer application, CSC must ask the member to nominate another Investment Division, or Investment Divisions, to which his or her beneficial interest may be allocated.
 (3) CSC may temporarily transfer the units to an Investment Division determined by CSC until CSC is able to transfer the units to an Investment Division nominated by the member.

Division 6—Notice of proposed changes to Investment Divisions