Section 1232A — Corporations Act 2001 (Cth)

(1) Without limiting the application of subsection 286(1) to the retail or wholesale CCIV, the CCIV must also, for each sub‑fund of the CCIV, keep written financial records that:

(a) correctly record and explain the transactions relating to the sub‑fund and the financial position and performance of the sub‑fund; and

(b) would enable true and fair financial statements to be prepared and audited for the sub‑fund; and

(c) comply with any further requirements prescribed by regulations made for the purposes of this paragraph.

Note: Section 9 defines financial records.

(2) The remaining provisions of Part 2M.2 apply in relation to the financial records for the sub‑fund as if the sub‑fund were the CCIV.

(3) This section does not apply if the CCIV has only one sub‑fund.

Related sections

• s 1231N — Debentures can only be issued in respect of sub‑funds
• s 1231P — Modified operation of section 283AA
• s 1232 — Application of Chapter 2M to CCIVs
• s 1232B — Access to financial records of CCIVs and sub‑funds
• s 1232C — Annual financial reports, sustainability reports and directors’ reports for sub‑funds—general rules
• s 1232D — Annual financial reports, sustainability reports and directors’ reports for sub‑funds—special rules for financial reports and sustainability reports

Research how courts apply s 1232A

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