Corporations Act 2001
This section applies to the following persons in relation to a CSF offer made by a company or that a company intends to make:
(a) the company;
(b) a related party of the company;
(c) a CSF intermediary that is or intends to be the responsible intermediary in relation to the CSF offer;
(d) an associate of such a CSF intermediary. 738ZE(2)
A person to whom this section applies must not:
(a) financially assist a person who is a retail client in relation to the CSF offer to acquire securities pursuant to the offer; or
(b) arrange financial assistance for such a person to acquire securities pursuant to the CSF offer.
Note 1: This subsection applies to financial assistance provided by the company even if that assistance does not contravene section 260A .
Note 2: Failure to comply with this subsection is an offence (see subsection 1311(1) ).738ZE(3)
Without limiting subsection (2), the prohibition on financial assistance:
(a) applies whether the financial assistance is provided or arranged before or after the acquisition of securities pursuant to the CSF offer; and
(b) extends to the provision of financial assistance in the form of a dividend. 738ZE(4)
In this section,
and financial assistance
have the same meanings as they have in section 260A .