Statute
Section 1241P — Corporations Act 2001: Modifications of Part 7.8A
Text of the provision Official document
(1) Paragraph 994B(3)(d) (about an exception to making a target market determination for a financial product) does not apply to a fully paid ordinary share in a CCIV. (2) If a contravention referred to in paragraph 994M(1)(a) is a contravention by a CCIV, subsection 994M(1) applies to authorise recovery by action against the CCIV’s corporate director instead of against the CCIV. Note: Subsection 994M(1) authorises a client to recover the amount of loss or damage suffered because of certain contraventions.
Official source: Federal Register of Legislation
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