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CORPORATIONS ACT 2001 - SECT 1013I

Extra requirements if Product Disclosure Statement relates to managed investment products that are ED securities

  (1)   This section applies to a Product Disclosure Statement that relates to managed investment products that are ED securities.

  (2)   The Product Disclosure Statement must include a statement that:

  (a)   as a disclosing entity, the scheme is subject to regular reporting and disclosure obligations; and

  (b)   copies of documents lodged with ASIC in relation to the scheme may be obtained from, or inspected at, an ASIC office.

  (3)   The Product Disclosure Statement must either:

  (a)   inform people of their right to obtain a copy of the following documents:

  (i)   the annual financial report most recently lodged with ASIC by the scheme;

  (ii)   any half - year financial report lodged with ASIC by the scheme after the lodgment of that annual financial report and before the date of the Product Disclosure Statement;

  (iii)   any continuous disclosure notices given by the scheme after the lodgment of that annual report and before the date of the Product Disclosure Statement; or

  (b)   include, or be accompanied by, a copy of the relevant document or documents.

  (4)   If:

  (a)   the Product Disclosure Statement informs people of their right to obtain a copy of a document referred to in subsection   (3); and

  (b)   a person asks the issuer (in the case of an issue Statement) or the seller (in the case of a sale Statement) for a copy of the document;

the issuer or seller must give (see subsection   (5)) the person a copy of the document free of charge as soon as practicable, and in any event within 5 days, after receiving the person's request.

Note:   Failure to comply with this subsection is an offence (see subsection   1311(1)).

  (5)   In subsection   (4), give means give in a way that would satisfy the requirements of section   1015C if the copy of the document were a Statement to which that section applied.


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