Section 1232N — Corporations Act 2001 (Cth)

Conflict of interest situation

(1) Subsection 324CD(2) has effect as if the following item were added to the table in that subsection:

4

a retail CCIV

the corporate director or a former corporate director of the CCIV; or

a current or former director of the corporate director; or

a person currently or formerly involved in the management of the CCIV; or

a person currently or formerly involved in the management of the corporate director.

(2) Subsection 1232(1) does not apply for the purposes of subsection 324CD(2).

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 1232K — Consideration of reports at AGM
s 1232L — Additional reporting by CCIVs that are debenture issuers
s 1232M — Relodgement if financial reports, sustainability reports or directors’ reports relating to sub‑fund amended after lodgement
s 1232P — Auditor independence—specific requirements
s 1232Q — People who are regarded as officers of a CCIV
s 1232R — Appointment, removal and fees of auditors for CCIVs

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