Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Section 198F applies in relation to a director of a corporate director of a CCIV as if the person were a director of the CCIV.
(2) For the purposes of subsection (1), a person is taken to cease being a director of the CCIV if either of the following occurs:
(a) the person ceases to be a director of the corporate director;
(b) the company of which the person is a director ceases to be the corporate director of the CCIV.