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CORPORATIONS ACT 2001 - SECT 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.



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