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CORPORATIONS ACT 2001 - SECT 738ZD Cooling - off rights for retail clients

CORPORATIONS ACT 2001 - SECT 738ZD

Cooling - off rights for retail clients

  (1)   If a person who is a retail client in relation to a CSF offer makes an application pursuant to the offer, the person may withdraw the application within 5 business days after the application is made.

Note:   If an applicant withdraws their application, the responsible intermediary must return the application money (see section   738ZB).

  (2)   A withdrawal of an application pursuant to subsection   (1) can only be made by a method specified on the offer platform as required by paragraph   738ZA(8)(b).

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