THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 12 - Changes resulting from the Corporate Law Economic Reform Program Act 1999

SECTION 1475   FUNDRAISING - GENERAL APPLICATION  

1475(1)  General rule (new law applies to offers made after commencement).  

Except as provided for in subsection (2), this Chapter applies to offers of securities made after the commencement of this Chapter.

1475(2)  Prospectus, or section 1043C or 1043D notice, lodged before commencement covered by old law.  

If a prospectus, or a notice under section 1043C or 1043D, is lodged with ASIC before commencement, the old Law continues to apply to:

(a)  the prospectus or notice; and

(b)  offers made under the prospectus or notice; and

(c)  the issue or transfer of securities as a result of the offer.