Section 53AAA — Corporations Act 2001: Meaning of affairs—CCIV

(1) For the purposes of the provisions referred to in subsection (3), the affairs of a body corporate that is a CCIV include anything that would be included in the affairs of a body corporate under section 53. (2) In applying paragraph 53(d) to the CCIV: (a) disregard subparagraphs (ii) and (iia); and (b) treat the reference in subparagraph (iv) to the body as instead being a reference to a sub-fund of the CCIV; and (c) treat the reference to a liquidator or provisional liquidator of the body as instead being a reference to a liquidator or provisional liquidator of a sub-fund of the CCIV. (3) The provisions for subsection (1) are the following: (a) a provision referred to in section 53; (b) a provision prescribed for the purposes of section 53; (c) section 1222 (about requirements for registration as a CCIV); (d) section 1224F (about who can be the director of a CCIV); (e) section 1224J (about corporate director must operate the CCIV); (f) section 1237V (about Court order imposing liability on unlicensed person operating CCIV); (g) section 1241C (about extra kinds of financial services relating to CCIVs); (h) section 1241E (about when conduct does not constitute providing a custodial or depository service in relation to a CCIV); (i) section 1241F (about Australian financial services licences to conduct the affairs of a CCIV); (j) section 1241L (about financial services disclosure does not apply to conducting the affairs of CCIVs); (k) a provision of this Act prescribed by the regulations for the purposes of this paragraph.