Section 1235B — Corporations Act 2001 (Cth)

Compromises etc. not to be made between 2 or more sub‑funds

The Court may not approve a compromise or arrangement between a CCIV and:

(a) the creditors of 2 or more sub‑funds of a CCIV; or

(b) the members of 2 or more sub‑funds of a CCIV.

Note: However, the Court may approve a further compromise or arrangement between the CCIV and another sub‑fund. If this is done as part of a scheme for the amalgamation or reconstruction of a sub‑fund or sub‑funds, the Court may make appropriate orders: see section 1235E.

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 1234K — Regulations may create exceptions
s 1235 — Construing terms and expressions affected by substituted references
s 1235A — Object of this Division
s 1235C — Applying arrangements and reconstructions provisions to sub‑funds
s 1235D — Persons not to be appointed to administer compromise or arrangement
s 1235E — Provisions for facilitating reconstruction and amalgamation of sub‑funds within a CCIV

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