Commonwealth Consolidated Acts

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Withdrawal of applications made pursuant to CSF offer

    A person who has made an application pursuant to a CSF offer may withdraw the application:

  (a)   as permitted by section   738X (responsible intermediary's obligations on becoming aware that CSF offer document is defective) or 738ZD (cooling - off rights for retail clients); or

  (b)   in any other circumstances allowed by the responsible intermediary, and in accordance with any requirements of the intermediary for withdrawal in those circumstances.

Note:   If an applicant withdraws their application, the responsible intermediary must return the application money (see section   738ZB).

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