ARTICLE · 26 MAY 2012

Multi-Jurisdictional Guide 2012/13: Capital Markets - Part 2

DLA Piper Australia

Explore more from DLA Piper Australia

Further information on markets and exchanges in Australia.

AustraliaStrategy

Catherine Merity

10. What are the main content or disclosure requirements for a prospectus (or other main offering document)? What main categories of information are included?

Prospectus

The general test for the content of a prospectus is that it must contain all information that investors and their professional advisers would reasonably require to make an informed assessment of both:

The assets, liabilities, financial position and performance, profits and losses, and prospects of the issuer.
The rights and liabilities attaching to the shares.

This information is only required to the extent it is reasonable for investors and their professional advisers to expect to find the information in the prospectus and if this information is actually known, or in the circumstances ought reasonably to have been obtained if inquiries were made, by specified persons including the company, its directors and any underwriter.

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