Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1024

1024. (1) Where:

   (a)  a prospectus has been lodged in relation to securities of a
        corporation; and

   (b)  at any time while securities can be allotted or issued on the basis of
        the prospectus:

        (i)    there is a significant change affecting any matter contained in
               the prospectus the inclusion of which was required by this
               Part; or

        (ii)   a significant new matter arises the inclusion of information in
               respect of which would have been required by this Part if the
               matter had arisen when the prospectus was prepared; the person
               who lodged the prospectus shall lodge a supplementary
               prospectus containing particulars of the change or new matter.

(2) In subsection (1):

"significant" means significant for the purpose of making an informed
assessment of the matters mentioned in subsection 1022 (1).

(3) If the person who lodged the prospectus is not aware of the change or new
matter, that person is not required to comply with subsection (1) unless that
person is notified of the change or new matter by a person referred to in
subsection 1006 (2).

(4) A person (other than the person who lodged the prospectus) who is referred
to in subsection 1006 (2) and is aware of the change or new matter shall give
notice of the change or new matter to the person who lodged the prospectus.

(5) If, after a prospectus has been lodged in respect of any securities, the
Commission makes an order under section 1033 in respect of the securities, the
person who lodged the prospectus may lodge a supplementary prospectus.

(6) After a supplementary prospectus is lodged, every copy of the prospectus
that is issued shall be accompanied by a copy of the supplementary prospectus.

(7) In sections 96, 995, 996, 1006, 1007, 1008, 1009, 1010, 1011 and 1012,
subsections 1021 (2), (3), (4), (10), (13) and (14), sections 1029, 1031, 1032
and 1033, and subsections (1) to (4), inclusive, of this section, unless the
context otherwise requires, a reference to a prospectus includes a reference
to a supplementary prospectus.