ASIC Corporations (Debenture Prospectuses) Instrument 2016/75 (Cth)

ASIC Corporations (Debenture Prospectuses) Instrument 2016/75 I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 9 March 2016

Grant Moodie

Contents

Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Declaration 5 Debenture prospectuses—interest rate and term information

Part 1—Preliminary

1 Name of legislative instrument This instrument is ASIC Corporations (Debenture Prospectuses) Instrument 2016/75.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

3 Authority This instrument is made under section 741 of the Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001.

Part 2—Declaration

5 Debenture prospectuses—interest rate and term information

Chapter 6D of the Act applies to all persons as if the Chapter were modified or varied as follows:

(a) after subsection 712(6) insert:

"Prospectus for an offer of debentures may simply refer to an application form lodged with ASIC (7) Subsections (8), (9) and (10) apply to an offer of a body's debentures for issue in the ordinary course of its business where a prospectus for the offer is lodged with ASIC.

(8) Instead of setting out information about the interest rate and term relevant to the offer, the prospectus may simply refer to an application form which is used for the offer containing that information and which has been lodged with ASIC under this subsection from time to time. The reference must:

(a) state that the interest rate and the term of the debentures offered is subject to change from time to time;