Commonwealth Consolidated Acts Commonwealth Consolidated ActsSection 1016B does not apply in relation to a financial product to which a Product Disclosure Statement relates if the financial product is a security that:
(a) is in a CCIV; and
(b) is referable to a sub - fund of the CCIV that is an Australian passport fund.
Note: This section does not prevent section 1016B from applying in relation to a security in the CCIV referable to any other kind of sub - fund of the CCIV.