Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1010C

             (1)  For the purposes of this Part, a reference to a sale or purchase of a financial product is a reference to a sale of the product by, or a purchase of the product from, a person who has (whether by issue or otherwise) acquired the product. The issue of a financial product is not a sale of the financial product.

             (2)  For the purposes of this Part:

                     (a)  a reference to offering to issue a financial product includes a reference to inviting an application for the issue of the financial product; and

                     (b)  a reference to offering to sell a financial product includes a reference to inviting an offer to purchase the financial product.