Section 1232E — Corporations Act 2001: Annual financial reports and directors’ reports for sub-funds—special rules for directors’ reports

(1) Section 300 applies in relation to a sub-fund of a CCIV referred to in subsection 1232C(1) as if: (a) a reference in that section to options, shares or interests relating to the CCIV were instead a reference to options, shares or interests referable to the sub-fund; and (b) a reference in that section to indemnities given, or insurance premiums paid, in relation to the CCIV were instead a reference to indemnities given, or insurance premiums paid, out of the assets of the sub-fund. Note: This translation rule applies in addition to the translation rules in subsections 1232C(2) to (4). (2) Subsection 300(13) applies in relation to a sub-fund of a CCIV referred to in subsection 1232C(1) as if: (a) the sub-fund were a registered scheme; and (b) the corporate director of the CCIV were the responsible entity for the scheme; and (c) references in that subsection to interests in the scheme were instead references to shares in the CCIV referable to the sub-fund; and (d) references in that subsection to scheme property were instead references to the property of the sub-fund. Note: This translation rule applies in addition to the translation rules in subsections 1232C(2) to (4). (3) If a sub-fund of a CCIV referred to in subsection 1232C(1) is a listed sub-fund, section 300A does not apply in relation to the sub-fund.