Section 1236K — Corporations Act 2001 (Cth)

If a receiver is appointed in respect of property of a sub‑fund of a CCIV, the assets of the sub‑fund may be applied for the purposes of paying debts or amounts that, under section 433, must be paid in priority to any claim for principal or interest in respect of the debentures referred to in that section.

Related sections

• s 1236G — Powers of receiver
• s 1236H — Controller may require reports relating to other sub‑funds if necessary
• s 1236J — Controller may inspect books of CCIV
• s 1236L — Transfer of books to ASIC etc.
• s 1236M — Part 5.3A does not apply to a CCIV
• s 1236N — Part 5.3B does not apply to a CCIV

Research how courts apply s 1236K

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