Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

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

Division 2 - Product Disclosure Statements  

Subdivision C - Preparation and content of Product Disclosure Statements  

SECTION 1013F   GENERAL LIMITATIONS ON EXTENT TO WHICH INFORMATION IS REQUIRED TO BE INCLUDED  

1013F(1)    


Despite anything in section 1013D or 1013E , information, or a statement containing information, is not required to be included in a Product Disclosure Statement if it would not be reasonable for a person considering, as a retail client, whether to acquire the product to expect to find the information in the Statement.

1013F(2)    
In considering whether it would not be reasonable for a person considering, as a retail client, whether to acquire the product to expect to find particular information in the Statement, the matters that may be taken into account include, but are not limited to:

(a)    the nature of the product (including its risk profile); and

(b)    the extent to which the product is well understood by the kinds of person who commonly acquire products of that kind as retail clients; and

(c)    the kinds of things such persons may reasonably be expected to know; and

(d)    

if the product is an ED security that is not a continuously quoted security - the effect of the following provisions:

(i) Chapter 2M as it applies to disclosing entities;

(ii) sections 674 , 674A , 675 and 675A ; and

(e)    the way in which the product is promoted, sold or distributed; and

(f)    any other matters specified in the regulations.



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