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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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