Suggest a correction

Subregulation 4

Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) (Exemption from Subdivisions (2) and (3) of Division 1 of Part XIII for REIT Bonds) Regulations 2011

Match the official source exactly.

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

Paragraph (2)(g) shall not apply in respect of a statement purporting to be made by, or to be based on a statement made by, an expert (referred to in this paragraph as the relevant statement) which —(a)is not made by the expert in connection with the offer concerned;(b)is not made by the expert for the sole benefit of the REIT concerned;(c)does not relate specifically to the affairs of the REIT concerned;(d)is made by a person whom the persons signing the offer information statement reasonably believe to be an expert who —(i)has no material interest in the success of the issue or sale of the REIT Bonds; and(ii)is not acting at the instigation of, or by arrangement with, the REIT concerned, its Manager, trustee, a director or an equivalent person of the Manager or trustee, a proposed director or an equivalent person of the Manager or trustee, or a person who has a material interest in the success of the issue or sale of the REIT Bonds;(e)is a correct and fair copy or a representation of, or an extract from, a statement made or information published by a source which the persons signing the offer information statement reasonably believe to be reliable; and(f)complies with the requirement that the offer information statement shall include the following statements wherever the relevant statement appears in the offer information statement:(i)a statement that the expert has not consented to the inclusion of the relevant statement;(ii)any disclaimer made by the expert in relation to reliance on the contents of the relevant statement which the persons signing the offer information statement are reasonably aware;(iii)a statement as to whether the persons signing the offer information statement have verified the accuracy of the contents of the relevant statement;(iv)a statement as to whether the persons signing the offer information statement have included the relevant statement in its proper form and context in the offer information statement; and(v)a proper citation identifying the source of, and the location within the source of, the relevant statement, including, where available, the following details of the source:(A)each author or editor;(B)the title;(C)the publication date and every revision date; and(D)where the source is published on an Internet website, the uniform resource locator (URL) and version date.

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