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Schedule 4—Corporate collective investment vehicles: contingent amendments

Schedule 4 Corporate collective investment vehicles: contingent amendments

Note:       The amendments in this Schedule only commence if Schedule 2 to the Corporations Amendment (Meetings and Documents) Act 2022 has already commenced (see subsection 2(1) of this Act).

   

Corporations Act 2001

1  Paragraph 110(2)(a)

Repeal the paragraph, substitute:

                     (a)  a meeting of the members of a company, registered scheme or sub-fund of a CCIV (including a meeting of a class of members); or

2  After paragraph 110(2)(b)

Insert:

                   (ba)  a resolution to be considered by the members of a sub-fund of a CCIV without a meeting; or

3  After paragraph 110C(1)(b)

Insert:

                   (ba)  the corporate director of a CCIV;

4  Paragraph 110C(2)(a)

Repeal the paragraph, substitute:

                     (a)  if the sender is a company, responsible entity of a registered scheme, or corporate director of a CCIV:

                              (i)  relates to a meeting of the members of the company, registered scheme or sub-fund of the CCIV (including a meeting of a class of members); or

                             (ii)  for a company—relates to a resolution to be considered by the members of the company (including a resolution to be considered by a class of members of the company) without a meeting; or

                            (iii)  for the corporate director of a CCIV—relates to a resolution to be considered by the members of a sub-fund of the CCIV without a meeting; or

5  After paragraph 110E(1)(b)

Insert:

                   (ba)  where the sender is the corporate director of a CCIV—the recipient is a member of the CCIV; or

6  After paragraph 110J(3)(b)

Insert:

                   (ba)  where the sender is the corporate director of a CCIV—the recipient is a member of the CCIV; or

7  After subsection 110K(2)

Insert:

          (2A)  A CCIV must:

                     (a)  send the members of the CCIV, at least once in each financial year, a notice setting out the matters mentioned in subsection (4); or

                     (b)  make such a notice readily available on a website.

8  Subsections 110K(4) and (5)

After “(2)”, insert “, (2A)”.

9  Subsection 1232H(1)

Omit “subsection 314(1AA) or (1AE)”, substitute “subsection 314(1AE)”.

10  In the appropriate position in Schedule 3

Insert:

 

Subsection 110K(2A)

30 penalty units