Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 2 ALRC Financial Services Interim Report: single glossary of defined terms
Part 1 Amendments
Division 9 Terms relating to financial services and markets
Corporations Act 2001
216 Section 9 (definition of defective)
Repeal the definition, substitute:
defective :
(a) in relation to a CSF offer document, has the meaning given by subsection 738U(1); and
(b)in relation to a disclosure document or statement:
(i) in Subdivision A (financial services disclosure offences) of Division 7 of Part 7.7 - has the meaning given by subsection 952B(1); and
(ii) in Subdivision B (financial services disclosure civil lability) of Division 7 of Part 7.7 - has the meaning given by subsection 953A(1); and
(iii) in Subdivision A (financial product disclosure offences) of Division 7 of Part 7.9 - has the meaning given by subsection 1021B(1); and
(iv) in Subdivision B (financial product disclosure civil lability) of Division 7 of Part 7.9 - has the meaning given by subsection 1022A(1).