Document ID: chunk:federal_register_of_legislation:C2025C00185:section:713:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 713 (pt 2/2)
Character Range: 2760238–2761537

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 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:
 (a) the provisions of Chapter 2M;
 (aa) subsection 674(2), 674A(2), 675(2) or 675A(2);
 (ab) subsection 708AA(10) or 708A(9);
 (b) section 724;
 (c) section 728;
 (d) section 1308 as it applies to a notice under subsection 708AA(2) or 708A(5);
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.

Section does not apply to 2‑part simple corporate bonds prospectus
 (7) This section does not apply to a 2‑part simple corporate bonds prospectus.