Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1232f
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1232F
Character Range: 5131717–5133964

1232F  Half‑year financial reports and directors' reports for sub‑funds with ED securities on issue
 (1) Section 302 does not apply to a CCIV that is a disclosing entity except as set out in this section.
 (2) If any securities referable to a sub‑fund of a retail CCIV are ED securities, section 302 applies to the CCIV as if the requirement in paragraph 302(a) required the CCIV to prepare a financial report and directors' report for each half‑year for the sub‑fund.
Note: For ED securities in a CCIV, see subsection 111AF(3), and section 111AI as affected by section 1231P.
 (3) For the purposes of subsection (2), ED securities that are units of shares in a CCIV are referable to the sub‑fund of the CCIV to which the shares are referable.
 (4) The remaining provisions of Division 2 of Part 2M.3 apply in relation to the following documents relating to the sub‑fund:
 (a) a financial report and directors' report prepared under paragraph 302(a) as applied by subsection (2) of this section;
 (b) the documents of which the financial report consists under subsection 303(1);
as if the sub‑fund were the CCIV.
Note: The combined effect of subsection 1232(1) and this subsection is that references in the remaining provisions of Division 2 of Part 2M.3 to the disclosing entity are, where appropriate, to be read as referring to the sub‑fund.
 (5) Despite subsection (4) of this section, paragraph 303(4)(c) applies to a directors' declaration relating to the sub‑fund as if the debts mentioned in that paragraph were only the debts referable to the sub‑fund.
 (6) Section 306 applies to the sub‑fund of the CCIV as if the requirement in subsection 306(1) were instead a requirement for the directors' report for the sub‑fund for each half‑year to include:
 (a) a review of the sub‑fund's operations during the half‑year and the results of those operations; and
 (b) details of:
 (i) the name of each corporate director of the CCIV at any time during or since the end of the half‑year, and the period for which each was the corporate director; and
 (ii) the name of each director of the corporate director of the CCIV at any time during or since the end of the half‑year, and the period for which each was a director of the corporate director.