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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 2 - Product Disclosure Statements    View history reference

Subdivision C - Preparation and content of Product Disclosure Statements    View history reference

SECTION 1013I  EXTRA REQUIREMENTS IF PRODUCT DISCLOSURE STATEMENT RELATES TO MANAGED INVESTMENT PRODUCTS THAT ARE ED SECURITIES  

 View history reference

1013I(1)  [Application]  


This section applies to a Product Disclosure Statement that relates to managed investment products that are ED securities.

1013I(2)  [Statement re disclosure and access]  


The Product Disclosure Statement must include a statement that:


(a) as a disclosing entity, the scheme is subject to regular reporting and disclosure obligations; and


(b) copies of documents lodged with ASIC in relation to the scheme may be obtained from, or inspected at, an ASIC office.

1013I(3)  [Copies of documents]  


The Product Disclosure Statement must either:


(a) inform people of their right to obtain a copy of the following documents:


(i) the annual financial report most recently lodged with ASIC by the scheme;

(ii) any half-year financial report lodged with ASIC by the scheme after the lodgment of that annual financial report and before the date of the Product Disclosure Statement;

(iii) any continuous disclosure notices given by the scheme after the lodgment of that annual report and before the date of the Product Disclosure Statement; or


(b) include, or be accompanied by, a copy of the relevant document or documents.

1013I(4)  [Copies to be provided]  


If:


(a) the Product Disclosure Statement informs people of their right to obtain a copy of a document referred to in subsection (3); and


(b) a person asks the issuer (in the case of an issue Statement) or the seller (in the case of a sale Statement) for a copy of the document;

the issuer or seller must give (see subsection (5)) the person a copy of the document free of charge as soon as practicable, and in any event within 5 days, after receiving the person's request.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

1013I(5)  [``give'']  


In subsection (4), give means give in a way that would satisfy the requirements of section 1015C if the copy of the document were a Statement to which that section applied.


 



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