THE CORPORATIONS LAW

CHAPTER 6D - FUNDRAISING

PART 6D.2 - DISCLOSURE TO INVESTORS ABOUT SECURITIES

Division 4 - Disclosure requirements

SECTION 712   PROSPECTUS CONTENT - SHORT FORM PROSPECTUSES  

712(1)  Prospectus may simply refer to material lodged with ASIC.  

Instead of setting out information that is contained in a document that has been lodged with ASIC, a prospectus may simply refer to the document. The reference must:

(a)  identify the document or the part of the document that contains the information; and

(b)  inform people of their right to obtain a copy of the document (or part) under subsection (5).

712(2)  [Disclosure of content]  

The reference must also include:

(a)  if the information is primarily of interest to professional analysts or advisers or investors with similar specialist information needs:

(i) a description of the contents of the document (or part); and

(ii) a statement to the effect that the information in the document (or part) is primarily of interest to those people; or

(b)  in any other case - sufficient information about the contents of the document to allow a person to whom the offer is made to decide whether to obtain a copy of the document (or part).

712(3)  [Deemed inclusion]  

The document (or part) referred to under subsection (1) is taken to be included in the prospectus.

712(4)  [Lodgment of documents]  

A person who wishes to take advantage of subsection (1) may lodge a document with ASIC even if this Law does not require the document to be lodged.

712(5)  [No charge for copies]  

If the prospectus is taken to include a document, or part of a document, under subsection (1), the person making the offer must give a copy of the document (or part) free of charge to anyone who asks for it during the application period of the prospectus.