Corporations Act 2001



Division 1 - Overview  


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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