CORPORATIONS ACT 2001 - SECT 1225E Extended operation of sections 199A and 199B (about indemnities and insurance)

CORPORATIONS ACT 2001 - SECT 1225E

  (1)   The operation of sections   199A and 199B in relation to a CCIV and a related body corporate of a CCIV is extended by:

  (a)   treating an officer of the corporate director of the CCIV as an officer of the CCIV; and

  (b)   treating an auditor of the corporate director of the CCIV as an auditor of the CCIV.

Note:   If the CCIV is a retail CCIV, there are additional restrictions: see section   1224N.

  (2)   For the purposes of subsection   (1), section   199B applies to a CCIV as if paragraph   199B(1)(b) included a reference to section   1225.

Note:   For the duties relevant to the actual director of the CCIV, see subsection   1224D(8).