Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1013i
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1013I
Character Range: 562005–563929

1013I  Extra requirements if Product Disclosure Statement relates to managed investment products that are ED securities

 (1) This section applies to a Product Disclosure Statement that relates to managed investment products that are ED securities.

 (2) The Product Disclosure Statement must include a statement that:
 (a) as a disclosing entity, the scheme is subject to regular reporting and disclosure obligations; and
 (b) copies of documents lodged with ASIC in relation to the scheme may be obtained from, or inspected at, an ASIC office.

 (3) The Product Disclosure Statement must either:
 (a) inform people of their right to obtain a copy of the following documents:
 (i) the annual financial report most recently lodged with ASIC by the scheme;
 (ii) any half‑year financial report lodged with ASIC by the scheme after the lodgment of that annual financial report and before the date of the Product Disclosure Statement;
 (iii) any continuous disclosure notices given by the scheme after the lodgment of that annual report and before the date of the Product Disclosure Statement; or
 (b) include, or be accompanied by, a copy of the relevant document or documents.

 (4) If:
 (a) the Product Disclosure Statement informs people of their right to obtain a copy of a document referred to in subsection (3); and
 (b) a person asks the issuer (in the case of an issue Statement) or the seller (in the case of a sale Statement) for a copy of the document;
the issuer or seller must give (see subsection (5)) the person a copy of the document free of charge as soon as practicable, and in any event within 5 days, after receiving the person's request.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

 (5) In subsection (4), give means give in a way that would satisfy the requirements of section 1015C if the copy of the document were a Statement to which that section applied.