Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.52

Offers that do not need disclosure: small scale offerings

         (1)   For section 1444 of the Act, this regulation applies in relation to managed investment products:

                (a)    issued or sold before the end of the transition period in relation to the managed investment products; and

               (b)    for which:

                          (i)    a disclosure document under Chapter 6D of the old Corporations Act was not required because of the operation of section 708 of the old Corporations Act (other than subsection 708 (1)); or

                         (ii)    a disclosure document was lodged with ASIC under Chapter 6D of the old Corporations Act.

         (2)   A reference in subsection 1012E (8) of the Act to issues and sales that should be disregarded includes issues or sales of the managed investment products.



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