Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
A Product Disclosure Statement that:
(a) is required to be given by section 1012A (otherwise than in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4) ); or
(b) is required to be given by section 1012B ; or
(c) section 1012H requires an issuer to take reasonable steps to ensure is given to a new group member; or
(d) is required to be given by section 1012I ;
A Product Disclosure Statement that:
(a) is required to be given by section 1012A in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4) ); or
(b) is required to be given by section 1012C ;
The person by whom, or on whose behalf, a Product Disclosure Statement for a financial product is required to be prepared is, in this Division, referred to as the responsible person for the financial product.
For the purposes of this Part, a Product Disclosure Statement prepared on behalf of a person is taken to be prepared by the person.
PART 7.9
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FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE, SALE AND PURCHASE OF FINANCIAL PRODUCTS
Division 2
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Product Disclosure Statements
Subdivision C
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Preparation and content of Product Disclosure Statements
SECTION 1013A
WHO MUST PREPARE PRODUCT DISCLOSURE STATEMENT
1013A(1)
A Product Disclosure Statement that:
(a) is required to be given by section 1012A (otherwise than in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4) ); or
(b) is required to be given by section 1012B ; or
(c) section 1012H requires an issuer to take reasonable steps to ensure is given to a new group member; or
(d) is required to be given by section 1012I ;
must be a document that has been prepared by the issuer of the financial product. A Product Disclosure Statement of this kind is in this Division referred to as an issue Statement .
1013A(2)A Product Disclosure Statement that:
(a) is required to be given by section 1012A in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4) ); or
(b) is required to be given by section 1012C ;
must be a document that has been prepared by the person making the offer to sell the financial product. A Product Disclosure Statement of this kind is in this Division referred to as a sale Statement .
1013A(3)The person by whom, or on whose behalf, a Product Disclosure Statement for a financial product is required to be prepared is, in this Division, referred to as the responsible person for the financial product.
1013A(4)
For the purposes of this Part, a Product Disclosure Statement prepared on behalf of a person is taken to be prepared by the person.
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