Document ID: chunk:federal_register_of_legislation:C2004A04707:front:0:p29
Version: federal_register_of_legislation:C2004A04707
Segment Type: other
Provision Reference: 
Character Range: 73763–76759

Omit the subsections, substitute:

SCHEDULE 2—continued

"(1) A person must not authorise or cause the issue of a prospectus in relation to securities of a corporation if:

  (a) the prospectus has been, or is required to be, lodged under Part 7.12; and

  (b) either:

      (i) a material statement in the prospectus is false or misleading; or

      (ii) there is a material omission from the prospectus.".

14. Before paragraph 999(a):

  Insert:

  "(aa) is likely to induce other persons to subscribe for securities; or".

15. Subsection 1006(2):

  Omit "If the prospectus is a primary prospectus, the", substitute "The".

16. Subsection 1006(2A):

  Omit the subsection.

17. Section 1007:

  (a) Omit "or (2A)".

  (b) Omit "or bought".

18. Subsection 1008(1):

  Omit "or (2A)(b)".

19. Subsection 1008A(1):

  Omit "or (2A)(b)".

20. Subsection 1009(2):

  Omit "or (2A)(c), (e) or (f)".

21. Paragraph 1009(2)(ba):

  (a) Omit "or (2A)(c)" (first occurring).

  (b) Omit "or (2A)(c), as the case may be".

22. Paragraph 1009(2)(b):

  (a) Omit "or (2A)(e) or (f)" (first occurring).

  (b) Omit "or (2A)(e) or (f), as the case may be".

23. Subsection 1009(3):

  Omit "or (2A)(c)".

SCHEDULE 2—continued

24. Subsection 1009(4):

  Omit "or (2A)(e) or (f)" (first occurring).

25. Paragraph 1009(4)(c):

  Omit "or (2A)(e) or (f), as the case may be".

26. Subsections 1010(1) and (2):

  Omit "or (2A)(d), (e) or (f)".

27. Subsection 1011(1):

  Omit "or (2A)(a) or (d)".

28. Subsections 1018(2), (5), (6), (7), (7A), (7B), (7C) and (8):

  Omit the subsections.

29. Section 1020:

  (a) Omit ", or a form of offer to buy,".

  (b) Add at the end:

        "Note: Because of subsection 1024C(3), a copy of a prospectus that is issued after the lodgment of a supplementary prospectus must be attached to, or accompanied by, a copy of the supplementary prospectus.".

30. Subsection 1021(5):

  Omit the subsection, substitute:

"(5) The prospectus must contain a statement that no securities will be allotted or issued on the basis of the prospectus later than 12 months after the date of issue of the prospectus.".

31. Subsection 1021(6):

Omit "If the prospectus is a primary prospectus, it", substitute "The prospectus".

32. Paragraph 1021(6)(a):

  Omit the paragraph, substitute:

  "(a) the nature and extent of each interest:

        (i) that exists when the prospectus is lodged, or that existed within 2 years before the lodging of the prospectus; and

      (ii) that is, or was, an interest of:

          (A) a director; or

          (B) a proposed director; or

          (C) an expert;

SCHEDULE 2—continued

        in the promotion of the corporation or in property proposed to be acquired by the corporation in connection with its formation or promotion; or".

33. Paragraph 1021(6)(b):

  Insert "or consisted" after "consists".

34. Subsection 1021(6A):

  Omit the subsection.

35. Paragraphs 1021(8)(d) and (e):

  Omit the paragraphs.

36. Subsection