Retail CCIV—Additional content requirement for redemption of shares
(1) This section applies if all or some of the shares in a retail CCIV are redeemable shares or redeemable preference shares. (2) The CCIV’s constitution must make provision for the shares to be redeemed. The provision must: (a) specify a period within which a redemption must ordinarily be satisfied while section 1230H (about when a sub‑fund is liquid) applies to the sub‑fund to which the share is referable; and (b) be fair and reasonable to the members of the sub‑fund to which the share is referable; and (c) set out a price, or a method for determining a price, at which shares in the CCIV are to be redeemed if, at the time of the redemption, section 1230H (about when a sub‑fund is liquid) applies to the sub‑fund to which the shares are referable.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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