Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1015b
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1015B
Character Range: 570821–572162

1015B  Some Statements must be lodged with ASIC

 (1) A copy of a Statement must have been lodged with ASIC (in accordance with the requirements of subsection (2) for consents) before the Statement is given to a person for the purposes of a provision of this Part if:
 (a) the following subparagraphs apply:
 (i) the financial product is a managed investment product; and
 (ii) the Statement states or implies that the product will be able to be traded on a financial market; and
 (iii) the Statement meets the requirements set out in section 1013H; or
 (b) the financial product is a managed investment product that can be traded on a financial market; or
 (c) the financial product is a financial product of a kind specified in regulations made for the purposes of this paragraph.

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

 (2) The lodgment of a Statement with ASIC requires the consent of:
 (a) whether it is an issue Statement or a sale Statement:
 (i) if the responsible person is a body corporate—every director of the responsible person; or
 (ii) otherwise—the responsible person; and
 (b) if it is a sale Statement:
 (i) if the issuer of the financial product concerned is a body corporate—every director of the issuer; or
 (ii) otherwise—the issuer of the financial product concerned.