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StatuteCorporations Act 2001

Section 1230T — Corporations Act 2001: Requirements or restrictions on membership rights for shares acquired from cross-investment

Text of the provision Official document

Voting at a meeting of the CCIV’s members (1) Despite any other provision of this Act, a CCIV’s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds does not entitle the CCIV to vote as a member on a resolution at a meeting of the CCIV’s members. Voting at a meeting of members of a sub-fund of the CCIV (2) A CCIV’s acquisition mentioned in subsection 1230Q(1) of one or more shares referable to one of its sub-funds entitles the CCIV to vote as a member on a resolution at a meeting of the members of the sub-fund. (3) A CCIV’s entitlement to vote as described in subsection (2) applies: (a) despite any other provision of this Act; but (b) subject to any requirements or restrictions prescribed by regulations made for the purposes of this paragraph.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.