Section 1240B — Corporations Act 2001 (Cth)

(1) The provisions mentioned in subsection (2) apply as if each of the following were a director of a CCIV that is a listed company:

(a) the corporate director of the CCIV;

(b) a director of the corporate director of the CCIV.

(2) The provisions are the following:

(a) subsection 609(9);

(b) subsection 638(1A);

(c) subsection 638(3);

(d) subsection 639(1);

(e) subsection 640(1);

(f) subsection 642(1);

(g) subsection 658C(5);

(h) subsection 670B(1);

(i) subsection 670D(3).

(3) Paragraph (1)(a) is included for the avoidance of doubt.

Related sections

• s 1239M — A CCIV may not be reinstated under section 601AH
• s 1239N — Registration of CCIV cannot be transferred
• s 1240A — Takeovers—prohibition on acquisitions of shares in a listed CCIV
• s 1240C — Takeovers—bidder’s statement content
• s 1240D — Takeovers Panel—declaration of unacceptable circumstances may only be made in relation to a listed CCIV
• s 1240E — Compulsory acquisition—only available for securities in a listed CCIV

Research how courts apply s 1240B

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