Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 705

    The following table shows what disclosure documents to use if an offer of securities needs disclosure to investors under this Part.

 

	Disclosure document
	Type	Sections
1	prospectus The standard full - disclosure document.	content [710, 711, 713] procedure [717] liability [728 and 729] defences [731, 733]
2	short form prospectus May be used for any offer. Section   712 allows a prospectus to refer to material lodged with ASIC instead of setting it out. Investors are entitled to a copy of this material if they ask for it.	content [712]
2A	2 - part simple corporate bonds prospectus Must be used for any offer of simple corporate bonds.	content [713C, 713D, 713E] procedure [717] liability [728 and 729] defences [731 and 733]
3	profile statement Section   721 allows a brief profile statement (rather than the prospectus) to be sent out with offers with ASIC approval. The prospectus must still be prepared and lodged with ASIC. Investors are entitled to a copy of the prospectus if they ask for it.	content [714] procedure [717] liability [728 and 729] defences [732, 733]
4	offer information statement Section   709 allows an offer information statement to be used instead of a prospectus for an offer to issue securities if the amount raised from issues of securities is $10 million or less.	content [715] procedure [717] liability [728 and 729] defences [732, 733]

Note:   Subsection   709(1A) provides that if the offer period for an offer of simple corporate bonds begins during the 2 - year period beginning at the commencement of that subsection, a prospectus (other than a 2 - part simple corporate bonds prospectus) may be prepared.