Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


Requirement to keep record of Product Disclosure Statement and other documents

             (1)  If section 1015B of the Act does not require a copy of a Product Disclosure Statement to be lodged with ASIC, the Statement and a document, or part of a document, mentioned in the Statement must be retained by the responsible person for that Statement for 7 years after the date of the Statement.

Note:          Responsible person has the same meaning as in section 1011B of the Act.

             (2)  This regulation does not apply if the Product Disclosure Statement is for:

                     (a)  a margin loan; or

                     (b)  a superannuation product to which Subdivision 4.2B of Division 4 of Part 7.9 applies; or

                     (c)  a simple managed investment scheme to which Subdivision 4.2C of Division 4 of Part 7.9 applies.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback