Pt 6D.2 heading substituted by No 17 of 2017, s 3, Sch 1 (effective 28 September 2017).
Division 4 - Disclosure requirements
SECTION 712PROSPECTUS CONTENT - SHORT FORM PROSPECTUSES
712(1)Prospectus may simply refer to material lodged with ASIC.
Instead of setting out information that is contained in a document that has been lodged with ASIC, a prospectus may simply refer to the document. The reference must:
(a) identify the document or the part of the document that contains the information; and
(b) inform people of their right to obtain a copy of the document (or part) under subsection (5).
The reference must also include:
(a) if the information is primarily of interest to professional analysts or advisers or investors with similar specialist information needs:
(i) a description of the contents of the document (or part); and
(ii) a statement to the effect that the information in the document (or part) is primarily of interest to those people; or
(b) in any other case - sufficient information about the contents of the document to allow a person to whom the offer is made to decide whether to obtain a copy of the document (or part).
The document (or part) referred to under subsection (1) is taken to be included in the prospectus.
A person who wishes to take advantage of subsection (1) may lodge a document with ASIC even if this Act does not require the document to be lodged.
If the prospectus is taken to include a document, or part of a document, under subsection (1), the person making the offer must give a copy of the document (or part) free of charge to anyone who asks for it during the application period of the prospectus.
Section does not apply to 2-part simple corporate bonds prospectus