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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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