Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 - SECT 1015E

Altering a Statement after its preparation and before giving it to a person

             (1)  A regulated person must not, in purported compliance with a provision of this Part, give a person a Statement that has been altered (otherwise than pursuant to paragraph (b)) after the date of the Statement if either or both of the following paragraphs applies:

                     (a)  the alteration was not made by, or with the authority of, the issuer or seller, as the case requires, of the financial products;

                     (b)  the alteration is a material alteration and the date of the Statement has not been changed to:

                              (i)  if a copy of the altered Statement has been lodged with ASIC (see subsection (2))--the date on which it was so lodged; or

                             (ii)  in any other case--the date on which the alteration was made.

Note:          Failure to comply with this subsection is an offence (see subsection 1311(1)).

             (2)  If the alteration is a material alteration to a Statement that has been lodged with ASIC under section 1015B, that section applies to the altered Statement as if it were a new Statement.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback