Section 1234C — Corporations Act 2001 (Cth)

Property that is required to be converted to be applied only for that purpose

An item of property of a CCIV to which section 1233K applies may not be applied for any purpose, except for the purpose of the conversion required by that section.

Note: For the consequences of a contravention of this requirement, see section 1234F.

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 1234 — Unallocated money and property may not be applied for any purpose
s 1234A — Requirement for segregated application of assets of sub‑funds
s 1234B — Purposes for which sub‑fund assets may be applied
s 1234D — Requirement for security interests to be segregated
s 1234E — Court orders
s 1234F — Consequences of non‑compliant application of assets

Research how courts apply s 1234C

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

Try BriefBridge free