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

19   At the end of section 727

Add:

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

(5) If:

(a) a person relies on subsection 708A(5) to make offers of securities for sale without disclosure to investors under Part 6D.2; and

(b) the notice given under that subsection purported to comply with subsection 708A(6) but did not actually comply with subsection 708A(6);

the person is taken not to contravene this section.