Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW
- SECT 736
Securities hawking prohibited
- (1)
- A person must not offer
securities for issue or sale in the course of, or because of, an unsolicited:
- (a)
- meeting
with another person; or
- (b)
- telephone call to another
person;
unless the offer is exempted under subsection (2).
Note: Section 700 extends offers to
include invitations and distributing application forms.
- (2)
- Subsection (1) does not
prohibit an offer of securities if:
- (a)
- the offer
does not need a disclosure document because of subsection 708(8) or (10)
(sophisticated investors);
or
- (b)
- the offer does not need a
disclosure document because of subsection 708 (11) (professional investors);
or
- (c)
- the offer is an offer of
listed securities made by telephone by a licensed securities dealer;
or
- (d)
- the offer is made to a
client by a licensed securities dealer through whom the client has bought or
sold securities in the last 12 months.
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