Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1012daa:p3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1012DAA (pt 3/3)
Character Range: 4286468–4288141

that would render it misleading in a material respect: see sections 1308 and 1309. The issuer has an obligation to correct a defective notice: see subsection (10) of this section.
 (8) For the purposes of subsection (7), excluded information is information:
 (a) that has been excluded from a continuous disclosure notice in accordance with the listing rules of the relevant market operator to whom that notice is required to be given; and
 (b) that a person would reasonably require for the purpose of making a decision, as a retail client, whether to acquire the relevant product.
 (9) The notice given under subsection (2) must contain any excluded information only to the extent to which it is reasonable for a person considering, as a retail client, whether to acquire the relevant product to expect to find the information in a Product Disclosure Statement.

Obligation to correct defective notice
 (10) The issuer of the relevant product contravenes this subsection if:
 (a) the notice given under subsection (2) is defective; and
 (b) the issuer becomes aware of the defect in the notice within 12 months after the relevant product is issued; and
 (c) the issuer does not, within a reasonable time after becoming aware of the defect, give the relevant market operator a notice that sets out the information necessary to correct the defect.
 (11) For the purposes of subsection (10), the notice under subsection (2) is defective if the notice:
 (a) does not comply with paragraph (2)(f); or
 (b) is false or misleading in a material particular; or
 (c) has omitted from it a matter or thing, the omission of which renders the notice misleading in a material respect.