Statute
Section 1230V — Corporations Act 2001: General duties still apply for cross-investment between sub-funds
Text of the provision Official document
None of the following: (a) the corporate director of a CCIV; (b) an officer, or employee, of the corporate director of a CCIV; is relieved from any of their duties under this Act, or their fiduciary duties, in connection with an acquisition merely because the acquisition is permitted by this Subdivision. Note: These duties include those in sections 180, 181, 182, 183 and 184 and in Divisions 2 and 3 of Part 8B.3.
Official source: Federal Register of Legislation
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