Section 1241G — Corporations Act 2001 (Cth)

Immediate suspensions or cancellations of licences

Treat subsection 915B(3) as also providing that ASIC may suspend or cancel an Australian financial services licence held by a body corporate, by giving written notice to the body, if:

(a) the body is the corporate director of a CCIV; and

(b) the CCIV or the members of the CCIV have suffered, or are likely to suffer, loss or damage because the corporate director or the CCIV has breached this Act.

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 1241D — CCIV buy‑back or redemption facility does not make a market
s 1241E — Certain conduct relating to CCIVs is not providing a custodial or depository service
s 1241F — Australian financial services licences
s 1241H — Restriction on use of certain words or expressions
s 1241J — Agreements with certain unlicensed persons
s 1241K — Treat the CCIV as a professional investor

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