Financial Services Reform Amendment Act 2003 (141 of 2003)

Schedule 1   Amendment of the Corporations Act 2001 relating to unsolicited offers to purchase financial products off-market

13   After paragraph 1022B(1)(a)

Insert:

(aa) a person makes an offer to which Division 5A applies (see section 1019D) to another person (the client ) otherwise than by sending the client an offer document in accordance with section 1019E; or

(ab) a person makes an invitation prohibited by section 1019F to another person (the client ); or

(ac) a person:

(i) is required by subsection 1019J(2), in relation to an offer made to another person (the client ), to send the client a withdrawal document or a supplementary offer document; and

(ii) does not send (in accordance with paragraphs 1019E(1)(a) and (b)) the client anything purporting to be either of those things by the time they are required to do so; or