Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1232a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1232A
Character Range: 5125154–5125992

1232A  Obligation to keep financial records for sub‑funds
 (1) Without limiting the application of subsection 286(1) to the retail or wholesale CCIV, the CCIV must also, for each sub‑fund of the CCIV, keep written financial records that:
 (a) correctly record and explain the transactions relating to the sub‑fund and the financial position and performance of the sub‑fund; and
 (b) would enable true and fair financial statements to be prepared and audited for the sub‑fund; and
 (c) comply with any further requirements prescribed by regulations made for the purposes of this paragraph.
Note: Section 9 defines financial records.
 (2) The remaining provisions of Part 2M.2 apply in relation to the financial records for the sub‑fund as if the sub‑fund were the CCIV.
 (3) This section does not apply if the CCIV has only one sub‑fund.