Document ID: chunk:federal_register_of_legislation:C2004A01226:clause:2_96t
Version: federal_register_of_legislation:C2004A01226
Segment Type: clause
Provision Reference: sch 2 cl 96T
Character Range: 90809–91474

96T  After subsection 1022B(5)
Insert:

 (5A) If:
 (a) paragraph (3)(aa) applies; and
 (b) the person referred to in that paragraph is not the issuer, or an authorised representative of the issuer, of the financial product to which the required disclosure document or statement relates; and
 (c) the required disclosure document or statement was defective because of information, or an omission from information, provided to that person (whether in a document or otherwise) by the issuer of the product;
the issuer of the product is the liable person, rather than the person who would otherwise be the liable person because of paragraph (3)(aa) or subsection (4).