Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_713:p2
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 713 (pt 2/2)
Character Range: 417198–418285

notice was given; and
 (b) is information that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
 (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the body; and
 (ii) the rights and liabilities attaching to the securities being offered.
The prospectus must contain this information only to the extent to which it is reasonable for investors and their professional advisers to expect to find the information in the prospectus.

ASIC power to exclude entity from this section

 (6) ASIC may determine in writing that a body or scheme may not rely on this section if it is satisfied that, in the previous 12 months, any of the following provisions were contravened in relation to the body or scheme:
 (a) the provisions of Chapter 2M
 (b) section 1001A
 (c) section 724
 (d) section 728.
ASIC must publish a copy of the determination in the Gazette. While the determination is in force, section 710 and not this section applies to securities of the body or scheme.