Section 1222U — Corporations Act 2001 (Cth)

(1) To register a sub‑fund of a CCIV, a person may lodge an application with ASIC.

Note: A CCIV must have at least one sub‑fund when it is first registered: see section 1222R.

(2) The application must state:

(a) the name and ACN of the CCIV; and

(b) the proposed name of the sub‑fund; and

(c) the name and address of each person who consents to become a member of the sub‑fund; and

(d) the following:

(i) the number and class of shares each member agrees in writing to take up;

(ii) the amount (if any) each member agrees in writing to pay for each share;

(iii) whether the shares each member agrees in writing to take up will be fully paid on registration;

(iv) if that amount is not to be paid in full on registration—the amount (if any) each member agrees in writing to be unpaid on each share;

(v) whether or not the shares each member agrees in writing to take up will be beneficially owned by the member on registration.

(3) The application must be in the prescribed form.

Related sections

• s 1222R — Initial sub‑funds to be registered when the CCIV is registered
• s 1222S — Registration of a sub‑fund
• s 1222T — Sub‑fund is established on registration
• s 1222V — A sub‑fund’s name
• s 1222W — Using sub‑fund name and ARFN on documents
• s 1222X — Acceptable abbreviations of sub‑fund names

Research how courts apply s 1222U

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