Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1230V

General duties still apply for cross - investment between sub - funds

    None of the following:

  (a)   the corporate director of a CCIV;

  (b)   an officer, or employee, of the corporate director of a CCIV;

is relieved from any of their duties under this Act, or their fiduciary duties, in connection with an acquisition merely because the acquisition is permitted by this Subdivision.

Note:   These duties include those in sections   180, 181, 182, 183 and 184 and in Divisions   2 and 3 of Part   8B.3.


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