Provide a current Product Disclosure Statement (s 1013A)
Retail financial product issuers must provide a current PDS before issuing.
Who must comply
Issuers of retail financial products.
What triggers it
Issuing or offering a retail financial product.
When due
Continuous; current PDS before each issuance.
Evidence required
Lodged PDS; complaints register; ongoing PDS review.
Max penalty
Civil penalties to financial services maximum; product intervention powers
Summary
Sections 1013A-1018A Corporations Act require issuers of retail financial products to provide a current Product Disclosure Statement. Content prescribed; must include fees, risks, benefits, cooling-off rights. Subject to DDO + ongoing dispute resolution access.
Enforced by
Source legislation
Entity types
Topics
Source: https://asic.gov.au/regulatory-resources/financial-services/product-disclosure/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.