Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1015d
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1015D
Character Range: 574073–575207

1015D  Notice, retention and access requirements for Statement that does not need to be lodged

 (1) This section applies to a Statement if section 1015B does not require a copy of the Statement to be lodged with ASIC.

 (2) The responsible person for the Statement must lodge a notice with ASIC advising that the Statement is in use as soon as practicable, and in any event within 5 business days, after a copy of the Statement is first given to someone in a recommendation, issue or sale situation.

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

 (3) The responsible person for the Statement must keep a copy of the Statement for the period of 7 years after the date of the Statement.

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

 (4) During that period the responsible person:
 (a) must make a copy of the Statement available to ASIC if asked to do so by ASIC; and
 (b) must comply with any reasonable request from any other person for a copy of the Statement.

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