Section 1241P — Corporations Act 2001 (Cth)

Modifications of Part 7.8A

(1) Paragraph 994B(3)(d) (about an exception to making a target market determination for a financial product) does not apply to a fully paid ordinary share in a CCIV.

(2) If a contravention referred to in paragraph 994M(1)(a) is a contravention by a CCIV, subsection 994M(1) applies to authorise recovery by action against the CCIV’s corporate director instead of against the CCIV.

Note: Subsection 994M(1) authorises a client to recover the amount of loss or damage suffered because of certain contraventions.

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 1241L — Financial services disclosure does not apply to operating the business and conducting the affairs of CCIVs
s 1241M — Financial records of the corporate director of a CCIV
s 1241N — Prohibition on hawking of securities in a CCIV
s 1241Q — Part 7.9 applies to the issue or sale of securities in a CCIV
s 1241R — Product Disclosure Statements—when a security in a CCIV is of the same kind as another product
s 1241S — Product Disclosure Statements—situations when not required for CCIVs

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