Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1222d
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1222D
Character Range: 15403–16000

1222D  Corporate director and members of a CCIV
 (1) A public company becomes the director of a CCIV on registration if the public company is specified in the application with its consent as the proposed corporate director of the CCIV.
 (2) A person becomes a member of a CCIV on registration if the person is specified in the application with their consent as a proposed member of the CCIV.
Note: The shares taken to be issued to the member are those specified in the application: see subsection 120(2).
 (3) Subsection 120(1) does not apply in relation to a CCIV.

Subdivision C—Names of CCIVs