Section 1230V — Corporations Act 2001 (Cth)

General duties still apply for cross‑investment between sub‑funds

None of the following:

(a) the corporate director of a CCIV;

(b) an officer, or employee, of the corporate director of a CCIV;

is relieved from any of their duties under this Act, or their fiduciary duties, in connection with an acquisition merely because the acquisition is permitted by this Subdivision.

Note: These duties include those in sections 180, 181, 182, 183 and 184 and in Divisions 2 and 3 of Part 8B.3.

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.

Related sections

s 1230S — Consequences for failing to comply with requirements or restrictions for cross‑investment
s 1230T — Requirements or restrictions on membership rights for shares acquired from cross‑investment
s 1230U — Cross‑investment between sub‑funds is not a share buy‑back
s 1231 — Purpose
s 1231A — CCIV may make reduction not otherwise authorised
s 1231B — Consequences of making an unauthorised reduction

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