Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe following table shows what disclosure documents to use if an offer of securities needs disclosure to investors under this Part.
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| Type | |
1 | 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] |
2A | 2 - part simple corporate bonds prospectus Must be used for any offer of simple corporate bonds. |
content [713C, 713D, 713E] procedure [717] liability [728 and 729] defences [731 and 733] |
3 | 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 | 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 $10 million or less. |
content [715] procedure [717] liability [728 and 729] defences [732, 733] |
Note: Subsection 709(1A) provides that if the offer period for an offer of simple corporate bonds begins during the 2 - year period beginning at the commencement of that subsection, a prospectus (other than a 2 - part simple corporate bonds prospectus) may be prepared.