Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) For the purpose of
these regulations, an invitation or offer shall not be taken to be made to the
public generally if it is made to persons —
(a)
whose ordinary business is to buy or sell debt paper, whether as principal or
agent; or
(b) who
are existing holders of debt paper —
(i)
issued under the Act; or
(ii)
issued by an authority under any Act other than this Act.
(2) Notwithstanding
that the provisions of the Corporations Act 2001 of the Commonwealth do
not apply to the Corporation, the Corporation shall have regard thereto in
relation to any dealings in debt paper, and when the Corporation offers debt
paper to the public generally for subscription or purchase, or the public
generally are invited to subscribe for or purchase debt paper, the Corporation
shall in lieu of issuing a prospectus in the manner required of a corporation
under the Corporations Act 2001 of the Commonwealth instead issue a
statement setting out —
(a) the
terms and conditions applicable to that offer or invitation in a manner which
is not misleading in the form or context in which it is included;
(b) the
name and loan number to be ascribed to the proposed issue;
(c) the
price payable or the method by which that price is to be determined;
(d) the
rate of interest offered;
(e) the
date of maturity, or the term of the loan;
(f) the
amount intended to be raised or borrowed;
(g) the
form of debt paper to be issued, and whether or not it is negotiable;
(h) if
the debt paper is not to be negotiable, the manner of its registration and
transfer; and
(i)
the manner of application for subscription or purchase.
[Regulation 3 amended in Gazette
10 Nov 1998 p. 6160; 28 Sep 2001
p. 5357‑8.]