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CORPORATIONS ACT 2001

CHAPTER 5C - MANAGED INVESTMENT SCHEMES  

PART 5C.9 - WINDING UP  

SECTION 601NA  

601NA  WINDING UP REQUIRED BY SCHEME'S CONSTITUTION  

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)).

 



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