Corporations Act 2001

CHAPTER 6D - FUNDRAISING  

PART 6D.2 - DISCLOSURE TO INVESTORS ABOUT SECURITIES (OTHER THAN FOR CSF OFFERS)  

Division 1 - Overview  

SECTION 705   705   TYPES OF DISCLOSURE DOCUMENT  


The following table shows what disclosure documents to use if an offer of securities needs disclosure to investors under this Part.


Disclosure document
Type Sections
1 prospectus
The standard full-disclosure document. content [ 710, 711, 713 ]
procedure [ 717 ]
liability [ 728 and 729 ]
defences [ 731, 733 ]
2 short form prospectus
May be used for any offer. content [ 712 ]
Section 712 allows a prospectus to refer to material lodged with ASIC instead of setting it out.
Investors are entitled to a copy of this material if they ask for it.
2A 2-part simple corporate bonds prospectus
Must be used for any offer of simple corporate bonds. content [713C, 713D, 713E]
procedure [717]
liability [728 and 729]
defences [731 and 733]
3 profile statement
Section 721 allows a brief profile statement (rather than the prospectus) to be sent out with offers with ASIC approval. The prospectus must still be prepared and lodged with ASIC. Investors are entitled to a copy of the prospectus if they ask for it. content [ 714 ]
procedure [ 717 ]
liability [ 728 and 729 ]
defences [ 732, 733 ]
4 offer information statement
Section 709 allows an offer information statement to be used instead of a prospectus for an offer to issue securities if the amount raised from issues of securities is $10 million or less. content [ 715 ]
procedure [ 717 ]
liability [ 728 and 729 ]
defences [ 732, 733 ]

Note: Subsection 709(1A) provides that if the offer period for an offer of simple corporate bonds begins during the 2-year period beginning at the commencement of that subsection, a prospectus (other than a 2-part simple corporate bonds prospectus) may be prepared.


 

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