Document ID: chunk:federal_register_of_legislation:C2008C00460:clause:1_223
Version: federal_register_of_legislation:C2008C00460
Segment Type: clause
Provision Reference: sch 1 cl 223
Character Range: 92854–94044

223  Subsection 1015D(2)
Repeal the subsection (including the note), substitute:

 (2) The responsible person for the Statement (other than the trustee of a self‑managed superannuation fund) must lodge a notice with ASIC advising of the occurrence of any of the following events as soon as practicable, and in any event within 5 business days, after the occurrence of the event:
 (a) except in the case of a Supplementary Product Disclosure Statement—a copy of the Statement is first given to someone in a recommendation, issue or sale situation;
 (b) a change is made to fees and charges set out in the Statement;
 (c) the financial product to which the Statement relates ceases to be available to be recommended or offered to new clients in a recommendation, issue or sale situation.

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

Note 2: The fees and charges set out in a Product Disclosure Statement may be changed by a Supplementary Product Disclosure Statement (see section 1014A).

Note 3: Documents may be lodged with ASIC in electronic form (but see section 352).

Part 5—Amendments commencing on 1 January 2009

Corporations Act 2001