Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1228e
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1228E
Character Range: 5080727–5081584

1228E  Members' resolutions
 (1) Subsection 252L(1B) applies in relation to a CCIV as if:
 (a) the requirement in paragraph 252L(1B)(c) that the registered scheme be listed did not apply; and
 (b) the resolution is subject to a further requirement that it must not treat members of any sub‑fund of the CCIV differently from members of any other sub‑fund of the CCIV.
Note: The effect of paragraph (1)(a) is that subsection 252L(1B) will apply to all CCIVs, including a CCIV that is a listed company.
 (2) Subsection 252L(1B) applies in relation to one or more sub‑funds of a CCIV as if:
 (a) paragraph 252L(1B)(c) did not apply; and
 (b) the resolution is subject to a further requirement that it must not affect the interests of any member of any other sub‑fund of the CCIV.
Note: A CCIV that is a listed company has only one sub‑fund, see section 1222N.