Section 1224J — Corporations Act 2001 (Cth)

(1) The corporate director of a CCIV is to:

(a) operate the business and conduct the affairs of the CCIV; and

(b) perform the functions conferred on the corporate director by the CCIV’s constitution and this Act.

Note 1: If a CCIV commits an offence or contravenes a civil penalty provision, the corporate director is generally responsible: see Division 7 of this Part.

Note 2: Section 1224Q is about the exercise of powers by the corporate director while a sub‑fund is in liquidation.

(2) The corporate director of a CCIV may exercise all the powers of the CCIV except any powers that this Act or the CCIV’s constitution requires:

(a) the CCIV to exercise in general meeting; or

(b) the members of a sub‑fund of the CCIV to exercise in a meeting of members of the sub‑fund.

Related sections

• s 1224F — Who can be the director of a CCIV
• s 1224G — Retail CCIV—additional rules about who can be the director
• s 1224H — Effectiveness of acts by corporate director
• s 1224K — Corporate director not required to disclose material personal interest
• s 1224L — Corporate director may appoint an agent or engage a person
• s 1224M — Retail CCIV—responsibility of corporate director for certain acts of agents

Research how courts apply s 1224J

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.