Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 738ZD

Cooling-off rights for retail clients

             (1)  If a person who is a retail client in relation to a CSF offer makes an application pursuant to the offer, the person may withdraw the application within 5 business days after the application is made.

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

             (2)  A withdrawal of an application pursuant to subsection (1) can only be made by a method specified on the offer platform as required by paragraph 738ZA(8)(b).



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