Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1013a
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1013A
Character Range: 549814–551282

1013A  Who must prepare Product Disclosure Statement

 (1) A Product Disclosure Statement that:
 (a) is required to be given by section 1012A (otherwise than in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4)); or
 (b) is required to be given by section 1012B; or
 (c) section 1012H requires an issuer to take reasonable steps to ensure is given to a new group member; or
 (d) is required to be given by section 1012I;
must be a document that has been prepared by the issuer of the financial product. A Product Disclosure Statement of this kind is in this Division referred to as an issue Statement.

 (2) A Product Disclosure Statement that:
 (a) is required to be given by section 1012A in a situation in which the recommendation concerned relates to an offer described in subsection 1012C(3) or (4)); or
 (b) is required to be given by section 1012C;
must be a document that has been prepared by the person making the offer to sell the financial product. A Product Disclosure Statement of this kind is in this Division referred to as a sale Statement.

 (3) The person who, or on whose behalf, a Product Disclosure Statement for a financial product is required to be prepared is, in this Division, referred to as the responsible person for the financial product.

 (4) For the purposes of this Part, a Product Disclosure Statement prepared on behalf of a person is taken to be prepared by the person.