ASIC must deregister a sub - fund of a CCIV if the Court orders the deregistration of the sub - fund under:
(a) paragraph 413(1)(d) (reconstruction and amalgamation of Part 5.1 bodies); or
(b) paragraph 481(5)(b) (release of liquidator); or
(c) subsection 509(2) (deregistration after end of administration return is lodged).
Note: These provisions apply to a sub - fund of a CCIV with modifications: see Divisions 1 to 8 of this Part.