Clause 68

by deleting paragraph (b) of subsection (1) and substituting the following paragraph:“(b)an application has been or will be made for permission for the shares or debentures, or units of shares or debentures, to be listed for quotation on any securities exchange.”;

by deleting subsections (2), (3) and (4) and substituting the following subsections:“(2) Where subsection (1) applies to any offer or invitation, an offer information statement which complies with such form and content as may be prescribed by the Authority shall be lodged with the Authority.(3) Notwithstanding anything in section 240, that section need not be complied with in relation to an offer or invitation to which subsection (1) applies if subsection (2) has been complied with.(4) The Authority may, on the application of a company affected by this section, modify the prescribed form and content of the offer information statement in such manner as is appropriate, subject to such conditions or restrictions as may be determined by the Authority.(5) Sections 249, 250, 253, 254 and 255 shall, with the necessary modifications, apply in relation to an offer information statement referred to in subsection (2) as they apply in relation to a prospectus.(6) For the purposes of subsection (5) —

a reference in section 249 to the delivery of a copy of the prospectus for registration shall be read as a reference to the delivery of a copy of the offer information statement for lodgment;

a reference in section 250 to the date of registration of a prospectus shall be read as a reference to the date of lodgment of the offer information statement; and

a reference in section 253 or 254 to any information or new circumstance required to be included in a prospectus under section 243 shall be read as a reference to any information prescribed under subsection (2).(7) Where the written consent of an expert to the issue of an offer information statement is required to be given under section 249 (as applied in relation to that statement under subsection (5)), that written consent shall be lodged with the Authority at the same time as the lodgment of the statement.”; and

by deleting the words “Abridged prospectus” in the section heading and substituting the words “Offer information statement”.