CORPORATIONS ACT 2001 - SECT 1237C References to debts etc. of a sub - fund
CORPORATIONS ACT 2001 - SECT 1237C
References to debts etc. of a sub - fundFor the purposes of the application of the winding up provisions, as those provisions apply subject to item 1 of the table in subsection 1237B(4):
(a) a debt of the CCIV is taken to be a debt of a sub - fund to the extent (if any) that the debt is a liability of the sub - fund; and
(b) a claim against the CCIV is taken to be a claim against a sub - fund of the CCIV to the extent (if any) that the claim is a liability of the sub - fund.
Note: A reference to a liability of a sub - fund of a CCIV includes
debts and claims: see section 1233A.