CORPORATIONS ACT 2001 - SECT 1241E Certain conduct relating to CCIVs is not providing a custodial or depository service

CORPORATIONS ACT 2001 - SECT 1241E

    Treat subsection   766E(3) as also providing that none of the following conduct constitutes providing a custodial or depository service :

  (a)   operating as a CCIV;

  (b)   operating the business and conducting the affairs of a CCIV;

  (c)   holding the money or property of a CCIV.

Note:   Holding the assets of a sub - fund of a CCIV is covered by paragraph   (c) and does not constitute providing a custodial or depository service .