Section 1232S — Corporations Act 2001: Effect of winding up of sub-fund on office of auditor

Audit and auditor’s report not required to cover a sub-fund in respect of which a CCIV is being wound up (1) An auditor of a CCIV is not required by Division 3 of Part 2M.3, as it applies under subsection 1232G(1), to do a thing in relation to a sub-fund at a time if the sub-fund is being wound up at that time. Auditor ceases to hold office if CCIV is being wound up in respect of all of its sub-funds (2) An auditor of a CCIV ceases to hold office if an event mentioned in subsection (3) has occurred in relation to each sub-fund of the CCIV. (3) The events are as follows: (a) a special resolution is passed for the voluntary winding up of a sub-fund of the CCIV; (b) an order is made by the Court for the winding up of a sub-fund of the CCIV. (4) Section 330 does not apply to a CCIV.