Section 1233A — Corporations Act 2001 (Cth)

(1) A reference in this Act to the liabilities of a CCIV includes a reference to:

(a) debts of the CCIV (including contingent and prospective debts); and

(b) expenses of the CCIV; and

(c) anything not covered by paragraphs (a) and (b) that might give rise to a debt of the CCIV, or a claim against the CCIV (present or future, certain or contingent, ascertained or sounding only in damages).

(2) For the purposes of this Part, a liability of a CCIV arises when the circumstances giving rise to the debt, expense or claim occur.

(3) This section does not apply for the purposes of Chapter 2M (about financial reports and audit).

Related sections

• s 1232T — Extended liability of directors of the corporate director for contraventions of Chapter 2M
• s 1232U — Solvency resolutions
• s 1233 — Meaning of property
• s 1233B — Sub‑funds to be operated as separate businesses
• s 1233C — Corporate director to keep allocation register
• s 1233D — Requirement to enter assets on the allocation register

Research how courts apply s 1233A

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