Document ID: chunk:federal_register_of_legislation:C2025C00185:section:9:p47
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 9 (pt 47/63)
Character Range: 193150–195909

facility that is (or that is in a class that is) prescribed by the regulations for the purposes of paragraph 901A(6)(b).
prescribed form: see section 350.
printed includes type‑written, lithographed or reproduced by any mechanical means.
procure for the purposes of Division 3 (insider trading prohibitions) of Part 7.10 has a meaning affected by section 1042F.
Product Disclosure Statement:
 (a) means a Product Disclosure Statement:
 (i) required by section 1012A, 1012B, 1012C, 1012I or 1012IA to be given in accordance with Division 2 of Part 7.9; or
 (ii) that section 1012H requires an issuer of a financial product to take reasonable steps to ensure is given to a new group member in accordance with Division 2 of Part 7.9; and
 (b) has a meaning affected by section 1014J (about Replacement Product Disclosure Statements).
product intervention order means an order made under subsection 1023D(1) or (3).
professional accounting body has the same meaning as in the ASIC Act.
professional employee of an individual auditor, audit firm or audit company means an employee of the auditor, firm or company who participates in the conduct of the audits on behalf of the auditor, firm or company and, in the course of doing so, exercises professional judgment in relation to the application of or compliance with:
 (a) accounting standards; or
 (b) auditing standards; or
 (c) the provisions of this Act dealing with financial reporting and the conduct of audits.
professional investor means a person in relation to whom one or more of the following paragraphs apply:
 (a) the person is a financial services licensee whose Australian financial services licence covers the provision of financial services that are not limited to claims handling and settling services;
 (b) the person is a body regulated by APRA, other than a trustee of any of the following:
 (i) a superannuation fund;
 (ii) an approved deposit fund;
 (iii) a pooled superannuation trust;
 (iv) a public sector superannuation scheme;
 (c) the person is a registered entity within the meaning of the Financial Sector (Collection of Data) Act 2001;
 (d) the person is the trustee of:
 (i) a superannuation fund; or
 (ii) an approved deposit fund; or
 (iii) a pooled superannuation trust; or
 (iv) a public sector superannuation scheme;
  and the fund, trust or scheme has net assets of at least $10 million;
 (e) the person controls at least $10 million (including any amount held by an associate or under a trust that the person manages);
 (f) the person is a listed entity, or a related body corporate of a listed entity;
 (g) the person is an exempt public authority;
 (h) the person is a body corporate, or an unincorporated body, that:
 (i) carries on a business of investment in financial