Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.8.22A

Modification of Part 7.8

             (1)  For paragraph 992C(1)(c) of the Act, Part 7.8 of the Act applies as if paragraph 992A(3)(e) of the Act were modified so as to read:

                            '(e)  given:

                                          (i)  the name and contact details of the product issuer; and

                                         (ii)  an indication of the nature of the information contained in the Product Disclosure Statement relating to the product; and

                                        (iii)  the option of receiving, by way of oral communication, any information that is required to be included in a Product Disclosure Statement for the product.'.

             (2)  For paragraph 992C(1)(c) of the Act, Part 7.8 of the Act applies as if the following subsection were added after subsection 992A(3A) of the Act:

                 '(3B)  A regulated person must not influence a client's decision to elect not to receive the information mentioned in paragraph (3)(e) (other than by asking the client if he or she wishes to do so).'.



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