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CORPORATIONS ACT 2001 - SECT 1020AD

Public disclosure of information

  (1)   Subsection   (2) applies if:

  (a)   any of the following apply, in relation to a sale of section   1020B products on a licensed market:

  (i)   the seller mentioned in subparagraph   1020AB(1)(a)(ii) gives information to the operator of a licensed market (or to another entity) in accordance with section   1020AB;

  (ii)   the financial services licensee mentioned in paragraph   1020AC(1)(a) gives information to the operator of a licensed market (or to another entity) in accordance with section   1020AC;

  (iii)   if regulations for the purposes of subparagraph   1020AB(4)(a)(ii) provide that the entity to which information is to be given in accordance with section   1020AB is the operator of a licensed market (or another entity)--the seller mentioned in subparagraph   1020AB(1)(a)(i) gives information to the operator (or other entity) in accordance with that section; and

  (b)   the following requirements are satisfied (if applicable):

  (i)   if regulations made for the purposes of this subparagraph specify a kind of section   1020B product--the section   1020B products are of that kind;

  (ii)   if regulations made for the purposes of this subparagraph specify a kind of section   1020B product--the section   1020B products are not of that kind;

  (iii)   if regulations made for the purposes of this subparagraph specify circumstances in which the sale is made--the sale is made in those circumstances.

Offence

  (2)   The operator (or the other entity) must:

  (a)   make a public disclosure of particulars specified in the regulations in relation to the information mentioned in paragraph   (1)(a); and

  (b)   do so:

  (i)   on or before the time specified in the regulations; and

  (ii)   in the manner specified in the regulations.

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


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