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CORPORATIONS ACT 2001

CHAPTER 6D - FUNDRAISING  

PART 6D.2 - DISCLOSURE TO INVESTORS ABOUT SECURITIES (OTHER THAN FOR CSF OFFERS)  

Division 1 - Overview  

SECTION 705  

705  TYPES OF DISCLOSURE DOCUMENT  

 View history reference
The following table shows what disclosure documents to use if an offer of securities needs disclosure to investors under this Part.
 Disclosure document 
 TypeSections
1prospectus 
 The standard full-disclosure document.content [710, 711, 713]
  procedure [717]
  liability [728 and 729]
  defences [731, 733]
2short form prospectus 
 May be used for any offer.content [712]
 Section 712 allows a prospectus to refer to material lodged with ASIC instead of setting it out. 
 Investors are entitled to a copy of this material if they ask for it. 
2A2-part simple corporate bonds prospectus 
 Must be used for any offer of simple corporate bonds.content [713C, 713D, 713E]
procedure [717]
liability [728 and 729]
defences [731 and 733]
3profile statement 
 Section 721 allows a brief profile statement (rather than the prospectus) to be sent out with offers with ASIC approval. The prospectus must still be prepared and lodged with ASIC. Investors are entitled to a copy of the prospectus if they ask for it.content [714]
procedure [717]
liability [728 and 729]
defences [732, 733]
4offer information statement 
 Section 709 allows an offer information statement to be used instead of a prospectus for an offer to issue securities if the amount raised from issues of securities is $10 million or less.content [715]
procedure [717]
liability [728 and 729]
defences [732, 733]

Note: Subsection 709(1A) provides that if the offer period for an offer of simple corporate bonds begins during the 2-year period beginning at the commencement of that subsection, a prospectus (other than a 2-part simple corporate bonds prospectus) may be prepared.

[CCH Note: Act No 101 of 2007, Sch 1, Pt 6[237] contained the following application provision (which was effective 28 June 2007):

Application of items 73, 75 to 77 and 84

The amendments made by items 73, 75 to 77 and 84 of this Schedule apply to offers of securities made on or after the day on which those items commence.

]

 



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