Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 712

Prospectus may simply refer to material lodged with ASIC

  (1)   Instead of setting out information that is contained in a document that has been lodged with ASIC, a prospectus may simply refer to the document. The reference must:

  (a)   identify the document or the part of the document that contains the information; and

  (b)   inform people of their right to obtain a copy of the document (or part) under subsection   (5).

  (2)   The reference must also include:

  (a)   if the information is primarily of interest to professional analysts or advisers or investors with similar specialist information needs:

  (i)   a description of the contents of the document (or part); and

  (ii)   a statement to the effect that the information in the document (or part) is primarily of interest to those people; or

  (b)   in any other case--sufficient information about the contents of the document to allow a person to whom the offer is made to decide whether to obtain a copy of the document (or part).

  (3)   The document (or part) referred to under subsection   (1) is taken to be included in the prospectus.

  (4)   A person who wishes to take advantage of subsection   (1) may lodge a document with ASIC even if this Act does not require the document to be lodged.

  (5)   If the prospectus is taken to include a document, or part of a document, under subsection   (1), the person making the offer must give a copy of the document (or part) free of charge to anyone who asks for it during the application period of the prospectus.

Section does not apply to 2 - part simple corporate bonds prospectus

  (6)   This section does not apply to a 2 - part simple corporate bonds prospectus.