Section 1226 — Corporations Act 2001 (Cth)

(1) A retail CCIV must have a compliance plan.

Note: A copy of the compliance plan must be lodged with ASIC with the application to register a CCIV that is to be a retail CCIV: see subsection 1222A(6).

(2) A wholesale CCIV is not required to have a compliance plan.

(3) A CCIV must lodge a copy of its compliance plan with ASIC within 14 days of becoming a retail CCIV. The copy must be signed by all the directors of the corporate director.

Note: Section 1222J defines retail CCIV.

(4) An offence based on subsection (3) is an offence of strict liability.

Related sections

• s 1225D — Right of access to CCIV books
• s 1225E — Extended operation of sections 199A and 199B (about indemnities and insurance)
• s 1225F — Retail CCIV—duties owed by employees of corporate director
• s 1226A — Contents of the compliance plan
• s 1226B — Compliance plan may incorporate provisions from another CCIV’s plan
• s 1226C — ASIC may require further information about compliance plan

Research how courts apply s 1226

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