ASIC Corporations (Joint Product Disclosure Statements) Instrument 2016/1056 I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument. Date 14 November 2016 Anthony Graham Contents Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Declaration 5 Joint Product Disclosure Statements 6 Where declaration applies Part 1—Preliminary 1 Name of legislative instrument This is the ASIC Corporations (Joint Product Disclosure Statements) Instrument 2016/1056. 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 paragraph 1020F(1)(c) of the Corporations Act 2001. 4 Definitions In this instrument: Act means the Corporations Act 2001. offer has a meaning affected by sections 1010C and 1011C of the Act. Regulations means the Corporations Regulations 2001. Short-Form PDS has the same meaning as in Division 3A of Part 7.9 of the Act (as notionally inserted by Part 3 of Schedule 10BA of the Regulations). Part 2—Declaration 5 Joint Product Disclosure Statements Part 7.9 of the Act applies in relation to an issuer of a financial product as if: (a) section 1013A of the Act were modified or varied by: (i) in subsection (1), omitting 'must be a document that has been prepared by the issuer of the financial product' and substituting: "may relate to one or more financial products of more than one issuer, and must be a document that has been prepared by the issuer of each financial product to which the Product Disclosure Statement relates"; and (iii) in subsection (3), after "prepared", inserting "and who is the issuer of the product"; and (b) regulation 7.9.07J of the Regulations were omitted. 6 Where declaration applies The declaration in section 5 applies to an offer to issue or to arrange the issue, an issue, or a recommendation to acquire by way of the issue, of a financial product, where: (a) the Product Disclosure Statement (Statement) or Short-Form PDS (Statement) that is given for that financial product also relates to at least one other financial product of another issuer; and (b) the Statement prominently states: (i) that the Statement covers two or more separate financial products; and (ii) that each issuer takes full responsibility for the whole of the Statement.