Company making CSF offer or CSF intermediary etc. must not financially assist retail client to acquire securities
(1) This section applies to the following persons in relation to a CSF offer made by a company or that a company intends to make: (a) the company; (b) a related party of the company; (c) a CSF intermediary that is or intends to be the responsible intermediary in relation to the CSF offer; (d) an associate of such a CSF intermediary. (2) A person to whom this section applies must not: (a) financially assist a person who is a retail client in relation to the CSF offer to acquire securities pursuant to the offer; or (b) arrange financial assistance for such a person to acquire securities pursuant to the CSF offer. Note 1: This subsection applies to financial assistance provided by the company even if that assistance does not contravene section 260A. Note 2: Failure to comply with this subsection is an offence (see subsection 1311(1)). (3) Without limiting subsection (2), the prohibition on financial assistance: (a) applies whether the financial assistance is provided or arranged before or after the acquisition of securities pursuant to the CSF offer; and (b) extends to the provision of financial assistance in the form of a dividend. (4) In this section, financially assist and financial assistance have the same meanings as they have in section 260A.
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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