Document ID: chunk:federal_register_of_legislation:C2008C00460:clause:1_79
Version: federal_register_of_legislation:C2008C00460
Segment Type: clause
Provision Reference: sch 1 cl 79
Character Range: 40456–41113

79  After subsection 708A(1)
Insert:

 (1A) This section also applies to an offer (the sale offer) of a body's securities (the relevant securities) for sale by a person if:
 (a) but for subsection (5), disclosure to investors under this Part would be required by subsection 707(5) for the sale offer; and
 (b) the securities were not sold by the controller with the purpose referred to in subparagraph 707(5)(c)(i); and
 (c) a determination under subsection (2) was not in force in relation to the body at the time when the relevant securities were issued.

Note: The heading to subsection 708A(1) is altered by omitting "offer" and substituting "offers".