Section 738ZD — Corporations Act 2001 (Cth)

Cooling‑off rights for retail clients

(1) If a person who is a retail client in relation to a CSF offer makes an application pursuant to the offer, the person may withdraw the application within 5 business days after the application is made.

Note: If an applicant withdraws their application, the responsible intermediary must return the application money (see section 738ZB).

(2) A withdrawal of an application pursuant to subsection (1) can only be made by a method specified on the offer platform as required by paragraph 738ZA(8)(b).

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.

Related sections

s 738ZA — General obligations of CSF intermediaries relating to their platforms etc.
s 738ZB — Responsible intermediary’s obligations relating to application money
s 738ZC — Caps on investment by retail clients pursuant to CSF offers
s 738ZE — Company making CSF offer or CSF intermediary etc. must not financially assist retail client to acquire securities
s 738ZF — Offering securities of a company that does not exist
s 738ZG — Restrictions on advertising and publicity

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