Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.9 - FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE, SALE AND PURCHASE OF FINANCIAL PRODUCTS  

Division 2 - Product Disclosure Statements  

Subdivision E - Other requirements relating to Product Disclosure Statements and Supplementary Product Disclosure Statements  

SECTION 1015E   ALTERING A STATEMENT AFTER ITS PREPARATION AND BEFORE GIVING IT TO A PERSON  

1015E(1)  
A regulated person must not, in purported compliance with a provision of this Part, give a person a Statement that has been altered (otherwise than pursuant to paragraph (b)) after the date of the Statement if either or both of the following paragraphs applies:


(a) the alteration was not made by, or with the authority of, the issuer or seller, as the case requires, of the financial products;


(b) the alteration is a material alteration and the date of the Statement has not been changed to:


(i) if a copy of the altered Statement has been lodged with ASIC (see subsection (2)) - the date on which it was so lodged; or

(ii) in any other case - the date on which the alteration was made.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

1015E(2)  
If the alteration is a material alteration to a Statement that has been lodged with ASIC under section 1015B , that section applies to the altered Statement as if it were a new Statement.


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