New South Wales Consolidated Regulations

CO-OPERATIVES NATIONAL REGULATIONS - REG 5.3

5.3 Restrictions on advertising and publicity--debentures or CCUs (section 467)

(1) The purpose of this regulation is to specify requirements, as contemplated by section 467(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 debentures or CCUs in a participating co-operative.

(2) For the purposes of section 467 of the Law, the requirements are that, if the advertisement or statement is intended or likely to attract investors 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.