Section 1241X — Corporations Act 2001 (Cth)

Product Disclosure Statements—if lodged, then security not to be issued or sold before specified period

Section 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.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1241U — Product Disclosure Statements—replacement statements
s 1241V — Product Disclosure Statements—lodging with ASIC
s 1241W — Product Disclosure Statements—use of application forms
s 1241Y — Remedies for person acquiring financial product under defective Product Disclosure Document
s 1241Z — Disclosure obligations of issuers of securities in CCIVs
s 1241ZA — Cooling‑off periods

Research how courts apply s 1241X

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.

Try BriefBridge free