Section 1235E — Corporations Act 2001: Provisions for facilitating reconstruction and amalgamation of sub-funds within a CCIV

(1) If: (a) a compromise or arrangement is proposed for the purposes of, or in connection with, a scheme for the reconstruction of a sub-fund or sub-funds or the amalgamation of 2 or more sub-funds; and (b) under the scheme, the whole or any part of the undertaking or of the property of a sub-fund concerned in the scheme (the transferor sub-fund) is to become a part of the undertaking or of the property of another sub-fund of the same CCIV; the Court may by order provide for any of the matters referred to in subsection 413(1) as if the other sub-fund were the transferee company referred to in that subsection. (2) Nothing in this section limits the orders a Court may make under section 413 if it approves a compromise or arrangement relating to a sub-fund of a CCIV.