Section 1012F — Corporations Act 2001 (Cth)

In a recommendation situation or an issue situation in which the financial product is a superannuation product of a kind specified in regulations made for the purposes of this section, the regulated person:

(a) need not give the client the Product Disclosure Statement at or before the time when it would otherwise be required to be given; and

(b) must give the client the Product Disclosure Statement as soon as is reasonably practicable and in any event within 3 months after the product is issued to the client; and

(c) need not give the client the Product Disclosure Statement at all if the client ceases to be a member of the superannuation fund concerned before the regulated person is required to give the Product Disclosure Statement under paragraph (b).

Related sections

• s 1012DAA — Rights issues for which Product Disclosure Statement is not required
• s 1012DA — Product Disclosure Statement not required for sale amounting to indirect issue
• s 1012E — Small scale offerings of managed investment and other prescribed financial products (20 issues or sales in 12 months)
• s 1012G — Product Disclosure Statement may sometimes be provided later
• s 1012GA — Product Disclosure Statement for certain general insurance product quotes may be provided later, or is not required
• s 1012H — Obligation to take reasonable steps to ensure that Product Disclosure Statement is given to person electing to be covered by group financial product

Research how courts apply s 1012F

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.