Interpretation of ceased to carry on business
(1) For the purposes of Part 5.8, a sub‑fund is taken to have ceased to carry on business only if: (a) 2 months have passed since a notice under subsection 1239(5) (about voluntary deregistration of a sub‑fund) relating to the sub‑fund was published and ASIC has not been informed that the part of the business of the CCIV that is registered as the sub‑fund is being carried on; or (b) ASIC has published a notice under subsection 1239B(1) (about ASIC initiated deregistration of a sub‑fund) relating to the sub‑fund. (2) Subsection 589(3) does not apply to determine when a sub‑fund of a CCIV is taken to have ceased to carry on business.
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.
BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.
Try BriefBridge free