Corporations Act 2001
[ CCH Note: Pt 7.9 Div 2 Subdiv D omitted by Corporations Regulations Schedule 10A, Part 5 - Modifications relating to First Home Saver Accounts, item 5.12 and Part 5A - Modifications for margin loan, item 5A.6]
(a) apart from this section, a person would be required to give another person (the client ) a Product Disclosure Statement (the new PDS ) relating to a financial product; and
(b) the client has, because of some previous conduct, already received a Product Disclosure Statement (the earlier PDS ) relating to the financial product; and
(c) the earlier PDS contains some, but not all, of the information that the new PDS is required to contain;
the person may, instead of giving the client the new PDS, give the client a Supplementary Product Disclosure Statement that contains the additional information.