Effect of winding up of sub‑fund on office of auditor
Audit and auditor’s report not required to cover a sub‑fund in respect of which a CCIV is being wound up (1) An auditor of a CCIV is not required by Division 3 of Part 2M.3, as it applies under subsection 1232G(1), to do a thing in relation to a sub‑fund at a time if the sub‑fund is being wound up at that time. Auditor ceases to hold office if CCIV is being wound up in respect of all of its sub‑funds (2) An auditor of a CCIV ceases to hold office if an event mentioned in subsection (3) has occurred in relation to each sub‑fund of the CCIV. (3) The events are as follows: (a) a special resolution is passed for the voluntary winding up of a sub‑fund of the CCIV; (b) an order is made by the Court for the winding up of a sub‑fund of the CCIV. (4) Section 330 does not apply to a 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.
BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.
Try BriefBridge free