Commonwealth Government Securities Legislation Amendment (Retail Trading) Act 2012 (155 of 2012)

Schedule 1   Retail trade in Commonwealth Government securities

Corporations Act 2001

12   Paragraph 949A(2)(c)

Repeal the paragraph, substitute:

(c) if the advice relates to the acquisition, or possible acquisition, of a particular financial product - the client should:

(i) if the product is not a CGS depository interest - obtain a Product Disclosure Statement (see Division 2 of Part 7.9) relating to the product and consider the Statement before making any decision about whether to acquire the product; or

(ii) if the product is a CGS depository interest - obtain each information statement (see Division 5C of Part 7.9) for the class of CGS depository interests that includes the product and consider the statement before making any decision about whether to acquire the product.