(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.