Australia Corporations Act 2001 (Cth)
Chapter 7 Parts 7.8A, 7.9 and 7.9A: Design and distribution, product disclosure and product intervention – Australia Corporations Act 2001 (Cth)

Australia Corporations Act 2001 (Cth) s1012A-1017B: ss 1012A to 1012C and 1017B Give a PDS to retail clients, and notify holders of material changes

A regulated person gives a retail client a Product Disclosure Statement when recommending a specific financial product in personal advice, when offering to issue or arranging the issue of a product, and in specified sale situations (civil penalty provisions), and the PDS contains the information a retail client would reasonably require to decide whether to acquire, including issuer details, significant benefits and risks, costs and fees, commissions, taxation and dispute resolution (s 1013D). The issuer notifies retail holders of material changes and significant events affecting matters that a PDS would have had to contain: increases in fees or charges at least 30 days before they take effect, and other changes before they occur or within 3 months after (s 1017B).

Maintained by Gerard Blokdyk

What else in your programme already covers this

This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.

  • s33C s 33C Provide a Key Facts Sheet for home building and home contents insurance

Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.

Other controls in Chapter 7 Parts 7.8A, 7.9 and 7.9A: Design and distribution, product disclosure and product intervention – Australia Corporations Act 2001 (Cth)

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The graph holds this control, the 1 it maps to, and the evidence behind each claim, over MCP and REST.