Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person may serve a statutory demand on a CCIV under section 459E.
(2) However, subsection 459E(2) applies to a statutory demand served on a CCIV as if it also required the demand to specify, in relation to each debt to which the demand relates:
(a) the sub - fund or sub - funds of the CCIV of which the debt is a liability; and
(b) if the debt is a liability of 2 or more sub - funds of the CCIV--the proportion of the debt allocated to each sub - fund at the time the demand is served.
(3) Whether a CCIV has failed to comply with a statutory demand is determined under section 459F. If the CCIV has failed to comply with a statutory demand, the failure affects each sub - fund specified in the demand.
Note: The sub - funds specified may be affected by a variation made by the Court under subsection 1237H(3).