(1) A prospectus for a body's securities must contain all the information that investors and their professional advisers would reasonably require to make an informed assessment of the matters set out in the table below. The prospectus must contain this information:
Disclosures | [operative] | |
---|---|---|
Offer | Matters | |
1 | offer to issue (or transfer) shares, debentures or interests in a managed investment scheme | * the rights and liabilities attaching to the securities offered * the assets and liabilities, financial position and performance, profits and losses and prospects of the body that is to issue (or issued) the shares, debentures or interests |
2 | offer to grant (or transfer) a legal or equitable interest in securities or grant (or transfer) an option over securities | * the rights and liabilities attaching to: - the interest or option - the underlying securities * for an optionthe capacity of the person making the offer to issue or deliver the underlying securities * if the person making the offer is: - the body that issued or is to issue the underlying securities; or - a person who controls that body; the assets and liabilities, financial position and performance, profits and losses and prospects of that body * if subsection 707(3) or (5) applies to the offerthe assets and liabilities, financial position and performance, profits and losses and prospects of the body whose securities are offered |
(2) In deciding what information should be included under subsection (1), have regard to:
(3) For the purposes of this section, a person's knowledge is relevant only if they are one of the following: