Section 738ZD — Corporations Act 2001: Cooling-off rights for retail clients

(1) If a person who is a retail client in relation to a CSF offer makes an application pursuant to the offer, the person may withdraw the application within 5 business days after the application is made. Note: If an applicant withdraws their application, the responsible intermediary must return the application money (see section 738ZB). (2) A withdrawal of an application pursuant to subsection (1) can only be made by a method specified on the offer platform as required by paragraph 738ZA(8)(b).