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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 1013L  PRODUCT DISCLOSURE STATEMENT MAY CONSIST OF 2 OR MORE SEPARATE DOCUMENTS GIVEN AT SAME TIME  

 View history reference

1013L(1)  [Multiple documents]  


Subject to this section, a Product Disclosure Statement may be made up of 2 or more separate documents that are given at the same time.

1013L(2)  [Labelling documents]  


Each of the documents must have on the cover of the document, or at or near the front of the document, a statement:


(a) to the effect that the document is part of a Product Disclosure Statement; and


(b) that (subject to subsection (3)) identifies the other documents that make up the Product Disclosure Statement.

1013L(3)  [Different versions]  


If there are or may be different versions of a document referred to in paragraph (2)(b), the statement required by subsection (2) does not have to identify any particular one of those versions and may instead identify the document generically.

Note: For example, if a Product Disclosure Statement is made up of a core document that is not updated very frequently, and a separate document providing information about remuneration that is updated more frequently:

(a) the statement in the core document need only refer to the fact that it, and a separate document about remuneration, make up the Product Disclosure Statement; and
(b) the statement in the document about remuneration need only refer to the fact that it, and a separate document about all other required matters, make up the Product Disclosure Statement.

1013L(4)  [Prominence of title]  


The requirement of section 1013B (title of Product Disclosure Statement) is taken to be satisfied if the title ``Product Disclosure Statement'' is used on the cover of, or at or near the front of, at least one of the documents that make up the Product Disclosure Statement.

1013L(5)  [Dates on documents]  


The requirement of section 1013G (dating of Product Disclosure Statement) must be separately complied with in relation to each of the documents. If, for any purpose, a single date needs to be determined as the date of the Product Disclosure Statement as a whole, that date is the most recent of the dates of those documents.

1013L(6)  [Alteration to document]  


Section 1015E applies to an alteration to one of the documents as though the reference in that section to the date specified in the Product Disclosure Statement were a reference to the date specified in the document.

1013L(7)  [Regulations]  


The regulations may impose additional requirements to be complied with if a Product Disclosure Statement is made up of 2 or more documents.

[CCH Note: For substituted s 1013L(7), see Corporations Regulations Schedule 10A, Part 5 - Modifications relating to First Home Saver Accounts, item 5.9]

[CCH Note: For substituted s 1013L, see Corporations Regulations Schedule 10A, Part 5A - Modifications for margin loan, item 5A.5; Part 5B - Modifications for superannuation products to which Subdivision 4.2B of Division 4 of Part 7.9 applies, item 5B.5 and Part 5C - Modifications for simple managed investment scheme, item 5C.4]


 



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