Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_425
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 425
Character Range: 910458–911327

425  Subsection 711(5)
Repeal the subsection, substitute:

Quotation of securities

 (5) If the prospectus for an offer of securities states or implies that the securities will be able to be traded on a financial market (whether in Australia or elsewhere), the prospectus must state that:
 (a) the securities have been admitted to quotation on that financial market; or
 (b) an application for admission of the securities to quotation on that financial market has been made to the operator of that market; or
 (c) an application for admission of the securities to quotation on that financial market will be made to the operator of that market within 7 days after the date of the prospectus.

Note 1: Paragraph 724(1)(b) gives times within which the person should seek and obtain admission to quotation.

Note 2: Subsection 716(1) requires the prospectus to be dated.