Offences relating to keeping and providing copies of Product Disclosure Statements (or Supplementary PDSs)
Strict liability offence (1) A person commits an offence if: (a) the person is required by section 1015D: (i) to notify ASIC that a Product Disclosure Statement or a Supplementary Product Disclosure Statement is in use; or (ii) to keep a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement for a particular period; or (iii) to make a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement available to ASIC; or (iv) to comply with a request from a person for a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement; and (b) the person does not comply with that requirement. (2) An offence based on subsection (1) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code. Ordinary offence (3) A person commits an offence if: (a) the person is required by section 1015D: (i) to notify ASIC that a Product Disclosure Statement or a Supplementary Product Disclosure Statement is in use; or (ii) to keep a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement for a particular period; or (iii) to make a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement available to ASIC; or (iv) to comply with a request from a person for a copy of a Product Disclosure Statement or a Supplementary Product Disclosure Statement; and (b) the person does not comply with that requirement.
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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