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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.9 - FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE, SALE AND PURCHASE OF FINANCIAL PRODUCTS    View history reference

Division 1 - Preliminary    View history reference

SECTION 1010C  SPECIAL PROVISIONS ABOUT MEANING OF SALE AND OFFER  

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1010C(1)  [Sale or purchase of financial product]  


For the purposes of this Part, a reference to a sale or purchase of a financial product is a reference to a sale of the product by, or a purchase of the product from, a person who has (whether by issue or otherwise) acquired the product. The issue of a financial product is not a sale of the financial product.

1010C(2)  [Interpretation]  


For the purposes of this Part:


(a) a reference to offering to issue a financial product includes a reference to inviting an application for the issue of the financial product; and


(b) a reference to offering to sell a financial product includes a reference to inviting an offer to purchase the financial product.


 



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