CORPORATIONS ACT 2001 - SECT 1014E Situation in which only a Supplementary Product Disclosure Statement need be given

CORPORATIONS ACT 2001 - SECT 1014E

    If:

  (a)   apart from this section, a person would be required to give another person (the client ) a Product Disclosure Statement (the new PDS ) relating to a financial product; and

  (b)   the client has, because of some previous conduct, already received a Product Disclosure Statement (the earlier PDS ) relating to the financial product; and

  (c)   the earlier PDS contains some, but not all, of the information that the new PDS is required to contain;

the person may, instead of giving the client the new PDS, give the client a Supplementary Product Disclosure Statement that contains the additional information.