Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1237c
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1237C
Character Range: 241960–242600

1237C  References to debts etc. of a sub‑fund
  For the purposes of the application of the winding up provisions, as those provisions apply subject to item 1 of the table in subsection 1237B(4):
 (a) a debt of the CCIV is taken to be a debt of a sub‑fund to the extent (if any) that the debt is a liability of the sub‑fund; and
 (b) a claim against the CCIV is taken to be a claim against a sub‑fund of the CCIV to the extent (if any) that the claim is a liability of the sub‑fund.
Note: A reference to a liability of a sub‑fund of a CCIV includes debts and claims: see section 1233A.

Subdivision C—Winding up of a sub‑fund in insolvency