Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 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.

  (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.