CORPORATIONS ACT 2001 - SECT 1235E Provisions for facilitating reconstruction and amalgamation of sub - funds within a CCIV

CORPORATIONS ACT 2001 - SECT 1235E

  (1)   If:

  (a)   a compromise or arrangement is proposed for the purposes of, or in connection with, a scheme for the reconstruction of a sub - fund or sub - funds or the amalgamation of 2 or more sub - funds; and

  (b)   under the scheme, the whole or any part of the undertaking or of the property of a sub - fund concerned in the scheme (the transferor sub - fund ) is to become a part of the undertaking or of the property of another sub - fund of the same CCIV;

the Court may by order provide for any of the matters referred to in subsection   413(1) as if the other sub - fund were the transferee company referred to in that subsection.

  (2)   Nothing in this section limits the orders a Court may make under section   413 if it approves a compromise or arrangement relating to a sub - fund of a CCIV.