Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1235c
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1235C
Character Range: 211114–213373

1235C  Applying arrangements and reconstructions provisions to sub‑funds
 (1) If a compromise or arrangement is proposed between a CCIV and the creditors of a sub‑fund or any class of them, or between a CCIV and the members of a sub‑fund or any class of them, the arrangements and reconstructions provisions referred to in subsection (2) apply to the proposed compromise or arrangement subject to:
 (a) such modifications as are set out in this Division; and
 (b) such other modifications as are made necessary by the fact that the CCIV is proposing to enter into a compromise or arrangement relating to only one sub‑fund of the CCIV.

Arrangements and reconstructions provisions
 (2) The provisions (the arrangements and reconstructions provisions) are as follows:
 (a) Part 5.1 (other than a provision excluded by subsection (3));
 (b) the other provisions of the Corporations legislation (other than a provision excluded by subsection (3)) to the extent to which they relate to the operation of the provisions referred to in paragraph (a).
 (3) For the purposes of subsection (2), the provisions excluded from the arrangements and reconstructions provisions are as follows:
 (a) section 410;
 (b) subsections 411(1A), (1B) and (1C);
 (c) a provision prescribed by regulations made for the purposes of this paragraph.

Translation rules
 (4) In the application of the arrangements and reconstructions provisions, those provisions apply as if the substitutions set out in the following table were made.

Substitutions to be made
Item                      Column 1                                                                                                                                                                                                                                                                                                                        Column 2
                          If the provision …                                                                                                                                                                                                                                                                                                              substitute a reference to …