Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 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 .

             (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 .

             (3)  The person who, 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.

             (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.