Sub‑funds to be operated as separate businesses
(1) A part of the business of a CCIV must not be operated if it is not registered as a sub‑fund. (2) A part of the business of a CCIV that is registered as a sub‑fund must be operated as a separate business from the business of any other sub‑fund of the CCIV. Requirement for corporate director to operate sub‑funds as separate businesses (3) The corporate director of a CCIV contravenes this subsection if: (a) the corporate director operates a part of the business of the CCIV; and (b) the operation contravenes subsection (1) or (2). Fault‑based offence (4) A person commits an offence if the person contravenes subsection (3). Strict liability offence (5) A person commits an offence of strict liability if the person contravenes subsection (3).
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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