Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1234

Unallocated money and property may not be applied for any purpose

    Money or property of a CCIV that has not been clearly identified in the CCIV's allocation register as forming part of the assets of a sub - fund or sub - funds of the CCIV may not be applied, or dealt with, whether directly or indirectly, for any purpose.


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