It should do, but that's no good anyway if your water company puts chloramine in the water too - and most do seem to put it in it seems.
'Aquasafe' is a very uneconomical product. You should use seachem prime, or better yet, pond dechlorinator. They are the same thing, just much more concentrated. One bottle of pond dechlorinator will last you years - and costs little more than one medium sized bottle of 'aquasafe'. You use like one drop to get rid of the chlorine and chloramine of a whole tanks worth of water.