Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.7 - CONTROL, FINANCIAL SERVICES AND DISCLOSURE  

Division 4 - Financial services and markets  

SECTION 1241V   PRODUCT DISCLOSURE STATEMENTS - LODGING WITH ASIC  

1241V(1)    
Section 1015B also applies as if:

(a)    a reference in that section to a managed investment product included a reference to a security in a CCIV; and

(b)    paragraph 1015B(1)(ba) were not enacted; and

(c)    an extra paragraph of subsection 1015B(1) provided that the financial product is a security that:

(i) is in a CCIV; and

(ii) is referable to a sub-fund of the CCIV that is an Australian passport fund.

1241V(2)    
When section 1015B so applies, treat subsection 1015B(2) as instead providing that the lodgement with ASIC of a Statement in relation to a security in the CCIV requires the consent of every director of the corporate director of the CCIV.

Note: This is the case whether the Statement is an issue Statement or a sale Statement.