Corporations Regulations 2001

For paragraph 1020G(1)(c) of the Act, and subject to subregulation (1A) and (4), a responsible person is not required to include a statement or information mentioned in Part 7.9 of the Act in a Product Disclosure Statement if:

the statement or information is in writing and is publicly available in a document other than the Product Disclosure Statement; and

the Product Disclosure Statement:

refers to the statement or information; and

provides sufficient details about the statement or information to enable a person:

to identify by a unique identifier the document, or part of the document, that contains the statement or information; and

to locate the statement or information; and

to decide whether or not to read the statement or information or obtain a copy of the statement or information; and

states that a copy of the statement or information may be obtained from the responsible person on request, at no charge; and

the statement or information is not a statement or information that is in a Short‑Form Product Disclosure Statement.

This regulation does not apply if the Product Disclosure Statement is for:

a standard margin lending facility; or

a superannuation product to which Subdivision 4.2B of Division 4 of this Part applies; or

a simple managed investment scheme to which Subdivision 4.2C of Division 4 of this Part applies; or

a simple sub‑fund product to which Subdivision 4.2D of Division 4 of this Part applies.

If the client requests a copy of the statement or information that the responsible person is not required to include in accordance with subregulation (1), the responsible person must provide the copy as soon as practicable, at no charge.

If a statement or information is not included in a Product Disclosure Statement because of subregulation (1), the statement or information is taken to be included in the Product Disclosure Statement.

Despite subregulation (3), if a responsible person does not include a statement or information in a Product Disclosure Statement in accordance with subregulation (1), the responsible person must include the following information in the Product Disclosure Statement:

for information required by paragraph 1013D(1)(b) or (f) of the Act—a description, in summary, of the purpose and key features of the product;

for information required by paragraph 1013D(1)(c) of the Act—a description, in summary, of the key risks of the product;

the information required by:

paragraphs 1013D(1)(a), (g) and (i) of the Act; and

Divisions 1 and 2 of Part 2 of Schedule 10; and

paragraphs 209(e) and (h) of Division 4 of Part 2 of Schedule 10; and

Divisions 5 and 6 of Part 2 of Schedule 10;

the Consumer Advisory Warning in Division 7 of Part 2 of Schedule 10.