Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
Modifying legislative instruments: The application of Pt 7.9 is affected by the ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.9, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
For the purposes of subsection 1013C(1D) of the Act, as modified by Part 5D of Schedule 10A , this regulation prescribes requirements for applying, adopting or incorporating, in a Product Disclosure Statement for a simple sub-fund product to which this Subdivision applies, a matter contained in writing.
7.9.11ZF(2)
A Statement may apply, adopt or incorporate a matter only if a provision of these Regulations requires or permits the matter to be applied, adopted or incorporated by the Statement.
7.9.11ZF(3)
If a Product Disclosure Statement applies, adopts or incorporates a matter: (a) the matter must be:
(i) in writing; and
(ii) clearly distinguishable from any other matters that are not applied, adopted or incorporated; and
(b) the responsible person for the Statement must identify the matter by:
(iii) publicly available in a document other than the Statement; and
(i) including in the Statement a concise description of the matter; and
(c) the responsible person for the Statement must:
(ii) ensuring that the reference to the matter is clearly distinguishable from the other contents of the Statement; and
(i) identify each version of the matter (by including the date on which the version was prepared) so that a person who, at a particular time, is considering a simple sub-fund product to which this Subdivision applies can identify the version that is relevant to the simple sub-fund product at that time; and
(d) the responsible person for the Statement must ensure that a person who is relying on the Statement is able to have access to:
(ii) state the date on which the version was prepared in a prominent position at or near the front of the version; and
(i) the matter; or
reasonably easily and reasonably quickly.
(ii) if there is more than one version of the matter - each version;
7.9.11ZF(4)
The responsible person for the Product Disclosure Statement must also ensure that the Statement includes the statements in the following table relating to the matter, and sets them out in each place at which the matter has been applied, adopted or incorporated.
| Item | Statement |
| 1 | You should read the important information about [ the subject] before making a decision. Go to [ location of the matter that has been applied, adopted or incorporated] |
| 2 | The material relating to [matter] may change between the time when you read this Statement and the day when you acquire the product |
7.9.11ZF(5)
The responsible person for the Product Disclosure Statement must also ensure that each document mentioned in subregulation (3) includes the statement in the following table relating to the matter.
| Item | Statement |
| 1 | The information in this document forms part of the Product Disclosure Statement [identification by name, date and version (if applicable) of each Statement] |
7.9.11ZF(6)
For the avoidance of doubt: (a) the giving of a Product Disclosure Statement to which this Subdivision applies is taken to be the giving of every matter that is applied, adopted or incorporated in accordance with subregulations (1) to (5) ; and (b) if a document mentioned in subparagraph (3)(a)(iii) refers to more than one Product Disclosure Statement, the document:
(i) must include a statement to the effect that the information in the document forms part of the Product Disclosure Statement offered by the responsible person; but
(ii) is not required to name each Product Disclosure Statement of which it forms part.
7.9.11ZF(7)
If the Product Disclosure Statement applies, adopts or incorporates a matter, the information dealing with the matter is taken to have been given to a person on the day on which the product is acquired.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
