CORPORATIONS ACT 2001 - SECT 1230A Minimum of one class of shares per sub - fund

CORPORATIONS ACT 2001 - SECT 1230A

  (1)   The shares in a CCIV that are referable to the same sub - fund of the CCIV, if not divided into 2 or more classes, constitute a class.

Note:   A CCIV can issue shares only if the rights attaching to the shares are referable to one (and only one) sub - fund of the CCIV: see section   1230.

  (2)   A class of shares is referable to a sub - fund of a CCIV if the shares in the class are referable to the sub - fund.

Part   2F.2 does not permit variation contrary to this section

  (3)   Nothing in Part   2F.2 permits rights attached to shares in a class of shares to be varied or cancelled in a manner that results in a contravention of this section.