10.2.131
CurrentSale offers that need disclosure: securities issued before FSR commencement
Chapter 10Repeals, transitional matters and application provisions
Part 10.2Transitional arrangements relating to Financial Services Reform legislation
Division 27Transitional matters under the Act (other than Chapter 7)
10.2.131 Sale offers that need disclosure: securities issued before FSR commencement
(1)
For section 1444 of the Act, this regulation applies if:
(a)
securities (other than managed investment products) are sold on or after the FSR commencement; and
(b)
the securities were issued before the FSR commencement.
(2)
Section 707 of the old Corporations Act, and any associated provisions, continue to apply in relation to the securities.
(3)
Section 707 of the Act does not apply in relation to the securities.
This Act’s bill:Explanatory statement
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