Document ID: chunk:federal_register_of_legislation:F2016L00334:body:0:p10
Version: federal_register_of_legislation:F2016L00334
Segment Type: other
Provision Reference: 
Character Range: 22908–24477

purpose referred to in subparagraph 1012C(6)(c)(i); and";
       (c) after subsection (12) insert:

       "Transfer or sale of quoted securities issued under rights issue–case 4
            (12A) The regulated person does not have to give the client a Product Disclosure Statement if:
                (a) the relevant product was issued under a rights issue or a related issue; and
                (b) the relevant product is in a class of financial products that were quoted securities at all times in the 3 months before the day on which the relevant product was issued; and
                (c) a regulated person did not have to give the client a Product Disclosure Statement under the rights issue or related issue.
            (12B) For the purposes of subsection (12A), related issue means, in relation to a rights issue:
                (a) an offer relating to the rights issue which satisfies subparagraph 1012DAA(13)(a)(i) and (iii), whether or not the offer is made to persons to whom offers were made under the rights issue;
                (b) an offer relating to the rights issue made in the circumstance referred to in paragraph 1012DAA(13)(b);
                (c) an offer relating to the rights issue made:
                   (i) in accordance with the information given under paragraph 9A(3)(c); or
                   (ii) if the invitation to apply for, or the right to be issued with, the product is not able to be assigned and the issuer gives the information specified in subparagraphs 9A(3)(c)(i) to (iii)—in accordance with that information.".