THE CORPORATIONS LAW

CHAPTER 6D - FUNDRAISING

PART 6D.2 - DISCLOSURE TO INVESTORS ABOUT SECURITIES

Division 1 - Overview

SECTION 705   TYPES OF DISCLOSURE DOCUMENT  

705     The following table shows what disclosure documents to use if an offer of securities needs disclosure to investors under this Part.

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   Disclosure document
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   Type                       Sections
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 1 prospectus

   The standard full-         content [710, 711, 713]
   disclosure document
                              procedure [717]

                              liability [728 and 729]

                              defences [731, 733]
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 2 short 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
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 3 profile statement

   Section 721 allows a       content [714]
   brief profile statement 
   (rather than the           procedure [717]
   prospectus) to be sent 
   out with offers with       liability [728 and 729]
   ASIC approval. The 
   prospectus must still be   defences [732, 733]
   prepared and lodged with 
   ASIC. Investors are 
   entitled to a copy of 
   the prospectus if they 
   ask for it.
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 4 offer information statement

   Section 709 allows an      content [715]
   offer information 
   statement to be used       procedure [717]
   instead of a prospectus 
   for an offer to issue      liability [728 and 729]
   securities if the amount 
   raised from issues of      defences [732, 733]
   securities is $5 million 
   or less.
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