Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1012e:p3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1012E (pt 3/3)
Character Range: 4302187–4302643

of, or transfer, financial products without a Product Disclosure Statement under this Part if the issue or transfer would result in a breach of the 20 purchasers ceiling or the $2 million ceiling (see subsections (6), (7), (8), (9) and (10)).
 (12) For the purposes of this section, an offer of a financial product is an offer to:
 (a) issue the financial product; or
 (b) arrange for the issue of the financial product; or
 (c) sell the financial product.