ASIC Corporations (Top-up Product Disclosure Statements Relief) Instrument 2016/1054
1ASIC Corporations (Top-up Product Disclosure Statements Relief) Instrument 2016/1054
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ASIC Corporations (Top-up Product Disclosure Statements Relief) Instrument 2016/1054
About this compilation
Compilation No. 1
This is a compilation of ASIC Corporations (Top-up Product Disclosure Statements Relief) Instrument 2016/1054 as in force on 15 November 2022. It includes any commenced amendment affecting the legislative instrument to that date.
This compilation was prepared by the Australian Securities and Investments Commission.
The notes at the end of this compilation (the endnotes) include information
about amending instruments and the amendment history of each amended provision.
Contents
1 Name of legislative instrument
5 Top-up Product Disclosure Statements relief for managed investment schemes
6 Top-up Product Disclosure Statements relief for CCIVs
Part 1—Preliminary
1 Name of legislative instrument
This is the ASIC Corporations (Top-up Product Disclosure Statements Relief) Instrument 2016/1054.
3 Authority
This instrument is made under paragraph 1020F(1)(b) of the Act.
4 Definitions
In this instrument:
Act means the Corporations Act 2001.
offer has a meaning affected by subsection 1010C(2) of the Act.
Part 2—Exemption
5 Top-up Product Disclosure Statements relief for managed investment schemes
(1) An interest in a managed investment scheme is exempt from sections 1012A, 1012B and 1012C of the Act where an offer to issue, arrange for the issue of, or to sell, or an issue of, or a recommendation to acquire, the interest is made to a person who holds interests in the same class for which the person has paid at least $500,000.
(2) In working out the amount paid for an interest, disregard any amount to the extent it was paid out of money lent by the person offering the interest or any associate of that person.
6 Top-up Product Disclosure Statements relief for CCIVs