Commonwealth Numbered Acts Commonwealth Numbered ActsThe following table shows what disclosure documents to use if an offer of securities needs disclosure to investors under this Part.
| Disclosure document | ||
|---|---|---|
| Type | Sections | |
| 1 | prospectus The standard full-disclosure document. | content [710, 711, 713] procedure [717] liability [728 and 729] defences [731, 733] |
| 2 | short form prospectus May be used for any offer. Section 712 allows a prospectus to refer to material lodged with ASIC instead of setting it out. Investors are entitled to a copy of this material if they ask for it. | content [712] |
| 3 | profile statement Section 721 allows a brief profile statement (rather than the prospectus) to be sent out with offers with ASIC approval. The prospectus must still be prepared and lodged with ASIC. Investors are entitled to a copy of the prospectus if they ask for it. | content [714] procedure [717] liability [728 and 729] defences [732, 733] |
| 4 | offer information statement Section 709 allows an offer information statement to be used instead of a prospectus for an offer to issue securities if the amount raised from issues of securities is $5 million or less. | content [715] procedure [717] liability [728 and 729] defences [732, 733] |