Document ID: chunk:federal_register_of_legislation:F2022C01200:body:0:p6
Version: federal_register_of_legislation:F2022C01200
Segment Type: other
Provision Reference: 
Character Range: 13239–16076

or Short-Form PDS (Statement) for the new shares that was not defective at the relevant time; and
            Note:   The information contained in a Statement includes any information contained in a Supplementary Statement given at the same time as the Statement or later: sections 1014D and 1017O (as notionally inserted by Part 3 of Schedule 10BA of the Corporations Regulations 2001).
           (d)           information which describes the switch arrangement.

6 Application forms for reconstructions and capital reductions
Exemption
(1) A person does not have to comply with subsection 723(1) of the Act where the person makes or proposes to make an offer of securities for issue or sale that:
(a) is made under an eligible reconstruction; or
(b) is a Part 2J.1 capital reduction offer; or
(c) is a foreign capital reduction offer.
(2) A person who issues or sells a relevant financial product does not have to comply with subsection 1016A(2) of the Act if the issue or sale results from an offer of the financial product that:
           (a) is made under an eligible reconstruction; or
           (b) is a Part 2J.1 capital reduction offer; or
           (c) is a foreign capital reduction offer.
           Note:  ASIC Corporations (Capital Reductions and Reconstructions—Technical Disclosure Relief) Instrument 2017/242 provides additional technical disclosure relief in relation to such reconstructions and capital reductions.

7 Bonus issues of options

Application forms
(1) A body does not have to comply with subsection 723(1) of the Act in relation to a pro-rata bonus offer of options over shares of the body.
           Note: Subsection 727(2) of the Act prohibits a person from making an offer of options that needs disclosure to investors under Part 6D.2 of the Act unless the offer is included in or accompanied by a copy of a disclosure document for the offer.
(2) A responsible entity of a registered scheme does not have to comply with subsection 1016A(2) of the Act in relation to a pro-rata bonus offer of options over interests in the scheme where:
           (a) the interests form part of stapled securities; and
           (b) shares in a body also form part of the stapled securities.

Advertising
(3) A body does not have to comply with subsection 734(2) of the Act in relation to an advertisement or publication of a statement about a pro-rata bonus offer of options over shares in the body provided the advertisement or publication:
(a) where the advertisement or publication is published before the disclosure document for the offer of the options is lodged—includes a statement that a disclosure document for the offer of the options will be made available when the options are offered;
(b) where the advertisement or publication is published after the disclosure document for the offer of the options