Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 - SECT 1013F

General limitations on extent to which information is required to be included

             (1)  Despite anything in section 1013D or 1013E, information, or a statement containing information, is not required to be included in a Product Disclosure Statement if it would not be reasonable for a person considering, as a retail client, whether to acquire the product to expect to find the information in the Statement.

             (2)  In considering whether it would not be reasonable for a person considering, as a retail client, whether to acquire the product to expect to find particular information in the Statement, the matters that may be taken into account include, but are not limited to:

                     (a)  the nature of the product (including its risk profile); and

                     (b)  the extent to which the product is well understood by the kinds of person who commonly acquire products of that kind as retail clients; and

                     (c)  the kinds of things such persons may reasonably be expected to know; and

                     (d)  if the product is an ED security that is not a continuously quoted security--the effect of the following provisions:

                              (i)  Chapter 2M as it applies to disclosing entities;

                             (ii)  sections 674 and 675; and

                     (e)  the way in which the product is promoted, sold or distributed; and

                      (f)  any other matters specified in the regulations.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback