Commonwealth Consolidated Acts

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How a Statement is to be given

             (1)  A Statement:

                     (a)  must be:

                              (i)  given to a person, or the person's agent, personally; or

                             (ii)  sent to the person, or the person's agent, at an address (including an electronic address) or fax number nominated by the person or the agent; and

                     (b)  may be printed or be in electronic form.

             (2)  For the purposes of this section, the Statement is sent to a person at an address if, and only if:

                     (a)  the Statement is sent to the address; and

                     (b)  either:

                              (i)  the envelope or other container in which the Statement is sent; or

                             (ii)  the message that accompanies the Statement;

                            is addressed to the person.

             (3)  The Statement may be given or sent to the person's agent only if the agent is not acting as the person's agent in one of the following capacities:

                     (a)  a financial services licensee;

                     (b)  an authorised representative of a financial services licensee;

                     (d)  a person who is not required to hold an Australian financial services licence because the person is covered by:

                              (i)  paragraph 911A(2)(j); or

                             (ii)  an exemption in regulations made for the purposes of paragraph 911A(2)(k); or

                            (iii)  an exemption specified by ASIC for the purposes of paragraph 911A(2)(l);

                     (e)  a person who is required to hold an Australian financial services licence but who does not hold such a licence;

                      (f)  an employee, director or other representative of a person referred to in paragraph (a), (b), (d) or (e).

             (4)  The regulations may provide for alternative ways of giving a Statement to a person.

             (5)  The regulations may specify requirements as to:

                     (a)  the manner in which a Statement may be given to a person; and

                     (b)  the presentation, structure and format for a Statement that is to be given in electronic form.

The giving of the Statement is not effective unless those requirements are satisfied.

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