Section 1237C — Corporations Act 2001 (Cth)

For the purposes of the application of the winding up provisions, as those provisions apply subject to item 1 of the table in subsection 1237B(4):

(a) a debt of the CCIV is taken to be a debt of a sub‑fund to the extent (if any) that the debt is a liability of the sub‑fund; and

(b) a claim against the CCIV is taken to be a claim against a sub‑fund of the CCIV to the extent (if any) that the claim is a liability of the sub‑fund.

Note: A reference to a liability of a sub‑fund of a CCIV includes debts and claims: see section 1233A.

Related sections

• s 1237 — Object of this Division
• s 1237A — No winding up of a CCIV
• s 1237B — Applying winding up provisions to sub‑funds
• s 1237D — When a sub‑fund is presumed to be insolvent
• s 1237E — Statutory demand—creditor may serve demand on CCIV
• s 1237F — Statutory demand—CCIV may apply to set aside demand

Research how courts apply s 1237C

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