Section 1234 — Corporations Act 2001 (Cth)

Unallocated money and property may not be applied for any purpose

Money or property of a CCIV that has not been clearly identified in the CCIV’s allocation register as forming part of the assets of a sub‑fund or sub‑funds of the CCIV may not be applied, or dealt with, whether directly or indirectly, for any purpose.

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 1233N — Variations of proportional allocation of liabilities
s 1233P — Creditor may require corporate director to provide information about allocation
s 1233Q — Orders the Court can make in relation to assets and liabilities of sub‑funds
s 1234A — Requirement for segregated application of assets of sub‑funds
s 1234B — Purposes for which sub‑fund assets may be applied
s 1234C — Property that is required to be converted to be applied only for that purpose

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