Debentures can only be issued in respect of sub‑funds
(1) A CCIV can issue a debenture only if the debenture holder’s rights in respect of assets of the CCIV are restricted to rights in respect of the assets of one (and only one) sub‑fund of the CCIV. This is the sub‑fund to which the debenture is referable. (2) Subsection (1) limits paragraph 124(1)(b) in relation to a CCIV. (3) If a security interest is included in or created by a debenture or the trust deed required by section 283AB, the security interest must not be over property of the CCIV that forms part of the assets of a different sub‑fund of the CCIV.
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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