Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:2_53aaa
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 2 cl 53AAA
Character Range: 341983–343575

53AAA  Affairs of a CCIV
 (1) For the purposes of the provisions referred to in subsection (3), the affairs of a body corporate that is a CCIV include anything that would be included in the affairs of a body corporate under section 53.
 (2) In applying paragraph 53(d) to the CCIV:
 (a) disregard subparagraphs (ii) and (iia); and
 (b) treat the reference in subparagraph (iv) to the body as instead being a reference to a sub‑fund of the CCIV; and
 (c) treat the reference to a liquidator or provisional liquidator of the body as instead being a reference to a liquidator or provisional liquidator of a sub‑fund of the CCIV.
 (3) The provisions for subsection (1) are the following:
 (a) a provision referred to in section 53;
 (b) a provision prescribed for the purposes of section 53;
 (c) section 1222 (about requirements for registration as a CCIV);
 (d) section 1224F (about who can be the director of a CCIV);
 (e) section 1224J (about corporate director must operate the CCIV);
 (f) section 1237V (about Court order imposing liability on unlicensed person operating CCIV);
 (g) section 1241C (about extra kinds of financial services relating to CCIVs);
 (h) section 1241E (about when conduct does not constitute providing a custodial or depository service in relation to a CCIV);
 (i) section 1241F (about Australian financial services licences to conduct the affairs of a CCIV);
 (j) section 1241L (about financial services disclosure does not apply to conducting the affairs of CCIVs);
 (k) a provision of this Act prescribed by the regulations for the purposes of this paragraph.