Section 1021M — Corporations Act 2001: Offences relating to keeping and providing copies of Product Disclosure Statements (or Supplementary PDSs)

Strict liability offence (1) A person commits an offence if: (a) the person is required by section 1015D: (i) to notify ASIC that a Product Disclosure Statement or a Supplementary Product Disclosure Statement is in use; or (ii) to keep a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement for a particular period; or (iii) to make a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement available to ASIC; or (iv) to comply with a request from a person for a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement; and (b) the person does not comply with that requirement. (2) An offence based on subsection (1) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code. Ordinary offence (3) A person commits an offence if: (a) the person is required by section 1015D: (i) to notify ASIC that a Product Disclosure Statement or a Supplementary Product Disclosure Statement is in use; or (ii) to keep a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement for a particular period; or (iii) to make a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement available to ASIC; or (iv) to comply with a request from a person for a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement; and (b) the person does not comply with that requirement.