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StatuteCorporations Act 2001

Section 1013A — Corporations Act 2001: Who must prepare Product Disclosure Statement

Text of the provision Official document

(1) A Product Disclosure Statement that: (a) is required to be given by section 1012A (otherwise than in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4)); or (b) is required to be given by section 1012B; or (c) section 1012H requires an issuer to take reasonable steps to ensure is given to a new group member; or (d) is required to be given by section 1012I; must be a document that has been prepared by the issuer of the financial product. A Product Disclosure Statement of this kind is an issue Statement. (2) A Product Disclosure Statement that: (a) is required to be given by section 1012A in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4)); or (b) is required to be given by section 1012C; must be a document that has been prepared by the person making the offer to sell the financial product. A Product Disclosure Statement of this kind is a sale Statement. (3) The person by whom, or on whose behalf, a Product Disclosure Statement for a financial product is required to be prepared is the responsible person for the financial product. (4) For the purposes of this Part, a Product Disclosure Statement prepared on behalf of a person is taken to be prepared by the person.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.