“704B Offers through an IDPS-like scheme“704B Offers through an IDPS-like scheme

“704B Offers through an IDPS-like scheme

(1) A person who makes an offer of accessible securities through an IDPS-like scheme that needs disclosure under this Part must promptly notify the responsible entity if: (a) a supplementary or replacement document has been lodged in relation to the disclosure document; or (b) the person is prohibited under Division 1 of Part 6D.3 from making offers of securities under the disclosure document; or (c) the disclosure document is withdrawn before the expiry date specified in the disclosure document. (2) Nothing in this Part or Part 6D.3 requires a disclosure document for offers of accessible securities through an IDPS-like scheme to include information about the scheme or the rights attached to the accessible securities where they differ from the rights that a person would have if they acquired the accessible securities directly. (3) In this section: accessible securities and IDPS-like scheme have the same meanings as in subsection 1013DAB(19).”.

11 Simple managed investment schemes

Part 7.9 of the Act applies in relation to a responsible entity of a simple managed investment scheme as if regulation 7.9.11S of the Corporations Regulations 2001 were modified or varied by, in subregulation (4), omitting “managed investment scheme that has a constitution” and substituting “managed investment scheme where, or has a constitution”.