Section 1225E — Corporations Act 2001: Extended operation of sections 199A and 199B (about indemnities and insurance)

(1) The operation of sections 199A and 199B in relation to a CCIV and a related body corporate of a CCIV is extended by: (a) treating an officer of the corporate director of the CCIV as an officer of the CCIV; and (b) treating an auditor of the corporate director of the CCIV as an auditor of the CCIV. Note: If the CCIV is a retail CCIV, there are additional restrictions: see section 1224N. (2) For the purposes of subsection (1), section 199B applies to a CCIV as if paragraph 199B(1)(b) included a reference to section 1225. Note: For the duties relevant to the actual director of the CCIV, see subsection 1224D(8).