Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Sections 200B and 200C apply in relation to a benefit given by a CCIV as if:
(a) the members whose approval is required under those provisions were the members of the sub - fund of the CCIV that would be affected by the giving of the benefit; and
(b) the member approval mentioned in paragraph (a) were required to be given under section 200E as modified by subsection (3) of this section.
Note: If the CCIV is a retail CCIV, there are additional restrictions on giving benefits: see section 1224N.
(2) If the giving of the benefit would affect 2 or more sub - funds of the CCIV, then the approval of each affected sub - fund must be obtained in the way mentioned in subsection (1).
Member approval
(3) Section 200E applies in relation to a CCIV as if a reference to a general meeting were instead a reference to a meeting of the members of the affected sub - fund.