Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1241v
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1241V
Character Range: 320135–320934

1241V  Product Disclosure Statements—lodging with ASIC
 (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.
 (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.