New South Wales Consolidated Regulations

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CO-OPERATIVES NATIONAL REGULATIONS - REG 5.2

Restrictions on advertising and publicity--shares (section 466)

5.2 Restrictions on advertising and publicity--shares (section 466)

(1) The purpose of this regulation is to specify requirements, as contemplated by section 466(1)(d) of the Law, that are to be complied with in connection with:
(a) an advertisement for; or
(b) the publication of a statement that directly or indirectly refers to;
an offer, or intended offer, of shares in a participating co-operative that is a distributing co-operative within the meaning of the relevant corresponding co-operatives law of another jurisdiction.
(2) For the purposes of section 466 of the Law, the requirements are that, if the advertisement or statement is intended or likely to attract new members from a participating jurisdiction, the advertisement or statement must be accompanied by information about:
(a) any application to ASIC for relief under section 741 of the Corporations Act; or
(b) any intention to lodge the advertisement or statement under Chapter 6D of the Corporations Act.



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