Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1239a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1239A (pt 2/2)
Character Range: 5249548–5250618

must give the CCIV a written notice that requires the CCIV to show cause, at a hearing before a specified person, why the sub‑fund should not be deregistered.
 (7) The notice must specify:
 (a) the grounds on which it is proposed to deregister the sub‑fund; and
 (b) a reasonable time and place at which the hearing is to be held.
However, if the CCIV consents, the person conducting the hearing may fix a different time or place.
 (8) The person conducting the hearing must:
 (a) give the CCIV an opportunity to be heard at the hearing; and
 (b) give ASIC:
 (i) a report about the hearing; and
 (ii) a recommendation about the grounds in the notice on which it is proposed to deregister the sub‑fund.
 (9) After considering the report and recommendation, ASIC may decide to:
 (a) take no further action in relation to the matter and give written advice of that decision to the CCIV; or
 (b) deregister the sub‑fund.
 (10) Neither of the following is a legislative instrument:
 (a) a notice under subsection (6);
 (b) a report under subsection (8) (if it is in writing).