Commonwealth Consolidated Regulations

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Offers that do not need disclosure: small scale offerings

             (1)  For section 1444 of the Act, this regulation applies in relation to managed investment products:

                     (a)  issued or sold before the end of the transition period in relation to the managed investment products; and

                     (b)  for which:

                              (i)  a disclosure document under Chapter 6D of the old Corporations Act was not required because of the operation of section 708 of the old Corporations Act (other than subsection 708(1)); or

                             (ii)  a disclosure document was lodged with ASIC under Chapter 6D of the old Corporations Act.

             (2)  A reference in subsection 1012E(8) of the Act to issues and sales that should be disregarded includes issues or sales of the managed investment products.

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