Financial Services Reform Amendment Act 2003 (141 of 2003)
Schedule 2 Other amendments of the Corporations Act 2001
78J Paragraphs 1016D(2)(c) and (d)
Repeal the paragraphs, substitute:
(c) an issue or transfer to a person of a financial product of that kind is void if:
(i) the issue or transfer is pursuant to an application made in response to the Statement; or
(ii) the person should have been given the Statement; and
(d) if:
(i) an issue or transfer of a financial product to a person is void because of paragraph (c); and
(ii) the responsible person received money from that person on account of the issue or transfer - the responsible person must, as soon as practicable, return the money to that person.
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