Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1237C

    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.