Section 1227 — Corporations Act 2001: Application of Chapter 2E to retail CCIVs

(1) Subject to this Part, Chapter 2E applies: (a) to a retail CCIV in the same way as it applies to a public company; and (b) to an entity a retail CCIV controls in the same way as it applies to an entity a public company controls. (2) In its application in relation to a retail CCIV, the members whose interests the rules in Chapter 2E are designed to protect are: (a) if one sub-fund would be affected by the giving of the relevant financial benefit to the related party—the members, as a whole, of that sub-fund; or (b) if 2 or more sub-funds would be affected by the giving of the relevant financial benefit to the related party—the members, as a whole, of each such sub-fund. (3) Chapter 2E does not apply to a wholesale CCIV.