Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to a Statement if section 1015B does not require a copy of the Statement to be lodged with ASIC.
(2) The responsible person for the Statement (other than the trustee of a self managed superannuation fund) must lodge a notice with ASIC, in electronic form, advising of the occurrence of any of the following events as soon as practicable, and in any event within 5 business days, after the occurrence of the event:
(a) except in the case of a Supplementary Product Disclosure Statement--a copy of the Statement is first given to someone in a recommendation, issue or sale situation;
(b) a change is made to fees and charges set out in the Statement;
(c) the financial product to which the Statement relates ceases to be available to be recommended or offered to new clients in a recommendation, issue or sale situation.
Note 1: Failure to comply with this subsection is an offence (see subsection 1311(1)).
Note 2: The fees and charges set out in a Product Disclosure Statement may be changed by a Supplementary Product Disclosure Statement (see section 1014A).
(3) The responsible person for the Statement must keep a copy of the Statement for the period of 7 years after the date of the Statement.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
(4) During that period the responsible person:
(a) must make a copy of the Statement available to ASIC if asked to do so by ASIC; and
(b) must comply with any reasonable request from any other person for a copy of the Statement.
Note: Failure to comply with this subsection is an offence (see
subsection 1311(1)).