Section 1224ZD — Corporations Act 2001 (Cth)

(1) Sections 200B and 200C apply in relation to a benefit given by a CCIV as if:

(a) the members whose approval is required under those provisions were the members of the sub‑fund of the CCIV that would be affected by the giving of the benefit; and

(b) the member approval mentioned in paragraph (a) were required to be given under section 200E as modified by subsection (3) of this section.

Note: If the CCIV is a retail CCIV, there are additional restrictions on giving benefits: see section 1224N.

(2) If the giving of the benefit would affect 2 or more sub‑funds of the CCIV, then the approval of each affected sub‑fund must be obtained in the way mentioned in subsection (1).

Member approval

(3) Section 200E applies in relation to a CCIV as if a reference to a general meeting were instead a reference to a meeting of the members of the affected sub‑fund.

Related sections

• s 1224ZA — Rights, obligations and liabilities of former corporate director
• s 1224ZB — Effect of change of corporate director on documents etc. to which former corporate director is party
• s 1224ZC — Member approval not needed for benefit specified in constitution
• s 1224ZE — Benefits paid to corporate director not covered by exemptions
• s 1225 — Retail CCIV—duties owed by officers of corporate director
• s 1225A — Responsibility of secretary of corporate director for certain contraventions by CCIV

Research how courts apply s 1224ZD

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