Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1227

  (1)   Subject to this Part, Chapter   2E applies:

  (a)   to a retail CCIV in the same way as it applies to a public company; and

  (b)   to an entity a retail CCIV controls in the same way as it applies to an entity a public company controls.

  (2)   In its application in relation to a retail CCIV, the members whose interests the rules in Chapter   2E are designed to protect are:

  (a)   if one sub - fund would be affected by the giving of the relevant financial benefit to the related party--the members, as a whole, of that sub - fund; or

  (b)   if 2 or more sub - funds would be affected by the giving of the relevant financial benefit to the related party--the members, as a whole, of each such sub - fund.

  (3)   Chapter   2E does not apply to a wholesale CCIV.