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
Search case law on this topic
See judgments from Australian courts and tribunals with a plain-English summary and legal holding.
Explore case law →