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 .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.