Statute
Section 1237D — Corporations Act 2001: When a sub-fund is presumed to be insolvent
Text of the provision Official document
Paragraph 459C(2)(a) is taken to be satisfied in relation to a sub-fund of a CCIV if: (a) the CCIV failed (as defined by section 459F) to comply with a statutory demand; and (b) the failure affects the sub-fund (see subsection 1237E(3)).
Official source: Federal Register of Legislation
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