CORPORATIONS ACT 2001 - SECT 1013A Who must prepare Product Disclosure Statement

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 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 a sale Statement .

  (3)   The person by whom, or on whose behalf, a Product Disclosure Statement for a financial product is required to be prepared is 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.