CORPORATIONS ACT 2001 - SECT 1014E Situation in which only a Supplementary Product Disclosure Statement need be given
CORPORATIONS ACT 2001 - SECT 1014E
Situation in which only a Supplementary Product Disclosure Statement need be given(a) apart from this section, a person would be required to give another person (the client ) a Product Disclosure Statement (the new PDS ) relating to a financial product; and
(b) the client has, because of some previous conduct, already received a Product Disclosure Statement (the earlier PDS ) relating to the financial product; and
(c) the earlier PDS contains some, but not all, of the information that the new PDS is required to contain;
the person may, instead of giving the client the new PDS, give the client a
Supplementary Product Disclosure Statement that contains the additional
information.