Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)

Schedule 7   Disclosure rules

Part 3   Exemptions from disclosure requirements

Corporations Act 2001

25   At the end of section 1021C

Add:

Circumstances in which a person is taken not to contravene this section

(5) If:

(a) a person does not give another person a Product Disclosure Statement for a financial product because of section 1012DA; and

(b) a notice was given under subsection 1012DA(5); and

(c) the notice purported to comply with subsection 1012DA(6) but did not actually comply with that subsection;

the person is taken not to contravene this section.