CORPORATIONS ACT 2001 - SECT 601NA Winding up required by scheme's constitution

CORPORATIONS ACT 2001 - SECT 601NA

    The constitution of a registered scheme may provide that the scheme is to be wound up:

  (a)   at a specified time; or

  (b)   in specified circumstances or on the happening of a specified event;

but a provision of the constitution that purports to provide that the scheme is to be wound up if a particular company ceases to be its responsible entity is of no effect (including for the purposes of paragraph   601NE(1)(a)).