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StatuteCorporations Act 2001

Section 1241E — Corporations Act 2001: Certain conduct relating to CCIVs is not providing a custodial or depository service

Text of the provision Official document

Treat subsection 766E(3) as also providing that none of the following conduct constitutes providing a custodial or depository service: (a) operating as a CCIV; (b) operating the business and conducting the affairs of a CCIV; (c) holding the money or property of a CCIV. Note: Holding the assets of a sub-fund of a CCIV is covered by paragraph (c) and does not constitute providing a custodial or depository service.

Official source: Federal Register of Legislation

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