Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe following table sets out the main provisions of this Act that apply only in relation to retail CCIVs. If a provision is not set out in this table, disregard that fact in deciding whether or not the provision applies only to retail CCIVs.
Provisions that apply only to retail CCIVs | ||
Item | Topic | Provision(s) |
1 | A sub - fund of a retail CCIV may be registered as an Australian passport fund | Part 8A.3 |
2 | ASIC may direct a retail CCIV to modify its constitution | section 1223C |
3 | Content requirements for the constitution of a retail CCIV | sections 1223G and 1223H |
4 | Duties owed by a director of a retail CCIV | subsection 1224D(2) |
5 | The corporate director of a retail CCIV must have external directors | section 1224G |
6 | Extended responsibility of corporate director of a retail CCIV for certain acts of agents | section 1224M |
7 | Limitation on right of the corporate director of a retail CCIV to fees and indemnities | section 1224N |
8 | Limitation on right of the corporate director of a retail CCIV to acquire shares in the CCIV | section 1224P |
9 | Duties owed by the officers of the corporate director of a retail CCIV | section 1225 |
10 | Duties owed by the employees of the corporate director of a retail CCIV | section 1225F |
11 | Requirement for a retail CCIV to have a compliance plan | Division 4 of Part 8B.3 |
12 | Requirement for member approval for certain related party transactions relating to retail CCIVs (application of Chapter 2E) | Subdivision A of Division 5 of Part 8B.3 |
13 | Further requirements for redemptions of shares by a retail CCIV | sections 1230G to 1230K |
14 | Requirements for self - acquisition by retail CCIV | subsection 1231J(2) |
15 | Part 2M.3 (financial reporting) | section 1232 |