Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to a Product Disclosure Statement that relates to managed investment products that are ED securities.
(2) The Product Disclosure Statement must include a statement that:
(a) as a disclosing entity, the scheme is subject to regular reporting and disclosure obligations; and
(b) copies of documents lodged with ASIC in relation to the scheme may be obtained from, or inspected at, an ASIC office.
(3) The Product Disclosure Statement must either:
(a) inform people of their right to obtain a copy of the following documents:
(i) the annual financial report most recently lodged with ASIC by the scheme;
(ia) if the scheme has lodged with ASIC a sustainability report--the most recently lodged sustainability report;
(ii) any half - year financial report lodged with ASIC by the scheme after the lodgment of that annual financial report and before the date of the Product Disclosure Statement;
(iii) any continuous disclosure notices given by the scheme after the lodgment of that annual report and before the date of the Product Disclosure Statement; or
(b) include, or be accompanied by, a copy of the relevant document or documents.
(4) If:
(a) the Product Disclosure Statement informs people of their right to obtain a copy of a document referred to in subsection (3); and
(b) a person asks the issuer (in the case of an issue Statement) or the seller (in the case of a sale Statement) for a copy of the document;
the issuer or seller must give (see subsection (5)) the person a copy of the document free of charge as soon as practicable, and in any event within 5 days, after receiving the person's request.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
(5) In subsection (4), give means give in a way that would satisfy the requirements of section 1015C if the copy of the document were a Statement to which that section applied.