Commonwealth Consolidated Acts

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Corporate director may retain certain books

  (1)   The corporate director of a CCIV is entitled, as against a liquidator of a sub - fund of the CCIV, to retain possession of books of the CCIV that relate to:

  (a)   the business or affairs of the CCIV as a whole; or

  (b)   the business or affairs of other sub - funds of the CCIV.

Note:   Books that the corporate director is not entitled to retain must be delivered to the liquidator: see section   530A.

  (2)   Subsection   (1) applies despite subsection   530B(1).

  (3)   In this section:

"liquidator" includes a provisional liquidator.

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