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 C - Preparation and content of Product Disclosure Statements  

SECTION 1013A   WHO MUST PREPARE PRODUCT DISCLOSURE STATEMENT  

1013A(1)  
A Product Disclosure Statement that:


(a) is required to be given by section 1012A (otherwise than in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4) ); or


(b) is required to be given by section 1012B ; or


(c) section 1012H requires an issuer to take reasonable steps to ensure is given to a new group member; or


(d) is required to be given by section 1012I ;

must be a document that has been prepared by the issuer of the financial product. A Product Disclosure Statement of this kind is in this Division referred to as an issue Statement .

1013A(2)  
A Product Disclosure Statement that:


(a) is required to be given by section 1012A in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4) ); or


(b) is required to be given by section 1012C ;

must be a document that has been prepared by the person making the offer to sell the financial product. A Product Disclosure Statement of this kind is in this Division referred to as a sale Statement .

1013A(3)  


The person by whom, or on whose behalf, a Product Disclosure Statement for a financial product is required to be prepared is, in this Division, referred to as the responsible person for the financial product.

1013A(4)  
For the purposes of this Part, a Product Disclosure Statement prepared on behalf of a person is taken to be prepared by the person.


 

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