Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A retail CCIV must have a compliance plan.
Note: A copy of the compliance plan must be lodged with ASIC with the application to register a CCIV that is to be a retail CCIV: see subsection 1222A(6).
(2) A wholesale CCIV is not required to have a compliance plan.
(3) A CCIV must lodge a copy of its compliance plan with ASIC within 14 days of becoming a retail CCIV. The copy must be signed by all the directors of the corporate director.
Note: Section 1222J defines retail CCIV .
(4) An offence based on subsection (3) is an offence of strict liability.