Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1235B

    The Court may not approve a compromise or arrangement between a CCIV and:

  (a)   the creditors of 2 or more sub - funds of a CCIV; or

  (b)   the members of 2 or more sub - funds of a CCIV.

Note:   However, the Court may approve a further compromise or arrangement between the CCIV and another sub - fund. If this is done as part of a scheme for the amalgamation or reconstruction of a sub - fund or sub - funds, the Court may make appropriate orders: see section   1235E.