Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subsection 252L(1B) applies in relation to a CCIV as if:
(a) the requirement in paragraph 252L(1B)(c) that the registered scheme be listed did not apply; and
(b) the resolution is subject to a further requirement that it must not treat members of any sub - fund of the CCIV differently from members of any other sub - fund of the CCIV.
Note: The effect of paragraph (1)(a) is that subsection 252L(1B) will apply to all CCIVs, including a CCIV that is a listed company.
(2) Subsection 252L(1B) applies in relation to one or more sub - funds of a CCIV as if:
(a) paragraph 252L(1B)(c) did not apply; and
(b) the resolution is subject to a further requirement that it must not affect the interests of any member of any other sub - fund of the CCIV.
Note: A CCIV that is a listed company has only one sub - fund, see section 1222N.