Definition of defective: Product Disclosure Statement, Short‑Form PDS or Replacement Product Disclosure Statement
7.9.07K Definition of defective: Product Disclosure Statement, Short‑Form PDS or Replacement Product Disclosure Statement
For paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act applies as if section 1022A of the Act were varied by omitting paragraph (b) of the definition of defective in subsection (1) and the following paragraph were inserted:
‘(b) if it is a Product Disclosure Statement, a Short‑Form PDS or a Replacement Product Disclosure Statement—either:
it is not prepared in accordance with section 1013A; or
there is an omission from the Product Disclosure Statement, Short‑Form PDS or Replacement Product Disclosure Statement of material required by section 1013C, other than material required by section 1013B or 1013G; or’.
This Act’s bill:Explanatory statement
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