CP 32 Secondary sales under section 707(3) and (4)
Paper released 21 December 2001. Comments closed 1 February 2002.
This paper identifies and ask for comment about issues in the interpretation of s707(3) and s707(4) of the Corporations Act 2001 (the amended provisions) as amended by the Financial Services Reform Act 2001 (the FSR Act) with effect from 11 March 2002. The amended provisions set out when disclosure under Part 6D.2 of the Corporations Act 2001 (the Act) will be required for secondary sales of securities within 12 months of their issue.