Meaning of offer, purchase and sale—Part 7.9
(1) For the purposes of this Part, a reference to a sale or purchase of a financial product is a reference to a sale of the product by, or a purchase of the product from, a person who has (whether by issue or otherwise) acquired the product. The issue of a financial product is not a sale of the financial product. (2) For the purposes of this Part: (a) a reference to offer to issue a financial product includes a reference to invite an application for the issue of the financial product; and (b) a reference to offer to sell a financial product includes a reference to invite an offer to purchase the financial product.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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