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Schedule 10—Consumer protection

Schedule 10 Consumer protection

   

Australian Securities and Investments Commission Act 2001

1  Subsection 12DC(1)

Omit “sale or grant, or the possible sale or grant”, substitute “supply, or the possible supply”.

2  After subsection 12DC(1)

Insert:

       (1AA)  Subsection (1) applies whether or not a representation is made before or after the financial product consists of, or includes, an interest in land.

3  Paragraph 12DC(2A)(b)

Omit “sale or grant, or the possible sale or grant”, substitute “supply, or the possible supply”.

4  After subsection 12DC(2A)

Insert:

          (2B)  Subsection (2A) applies whether or not a person uses physical force, undue harassment or coercion before or after the financial product consists of, or includes, an interest in land.