Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1237D

    Paragraph   459C(2)(a) is taken to be satisfied in relation to a sub - fund of a CCIV if:

  (a)   the CCIV failed (as defined by section   459F) to comply with a statutory demand; and

  (b)   the failure affects the sub - fund (see subsection   1237E(3)).