Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe 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)).