Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1222q
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1222Q
Character Range: 4992362–4992939

1222Q  What is a sub‑fund of a CCIV
 (1) A sub‑fund of a CCIV is all or part of the business of the CCIV that is registered as a sub‑fund under section 1222S.
Note: A sub‑fund of a CCIV may be registered as a passport fund: see Part 8A.3.
 (2) A sub‑fund does not have legal personality.
 (3) A person is a member of a sub‑fund of a CCIV if the person:
 (a) is a member of the CCIV; and
 (b) holds one or more shares that are referable to the sub‑fund.
Note: For when a share is referable to a sub‑fund, see section 1230.

Subdivision B—How a sub‑fund of a CCIV is registered