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Financial Markets Conduct Act 2013

Disclosure of offers of financial products - Procedure for making regulated offers - Product disclosure statement must be prepared and lodged

49: Purpose of PDS

You could also call this:

"What a Product Disclosure Statement is meant to do: help you decide on a financial product."

The purpose of a Product Disclosure Statement, or PDS, is to give you information that will help you decide if you want to buy a financial product. This information is meant to assist you, even if you are not an expert in finance. The information in a PDS should help a careful and sensible person, like you, make a decision about buying a financial product.

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48: PDS must be prepared and lodged, or

"Before selling financial products, you must create and submit a special document called a Product Disclosure Statement."

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50: PDS must be given if offer requires disclosure, or

"Get a PDS document before buying financial products if the seller needs to tell you more about them"

Part 3Disclosure of offers of financial products
Procedure for making regulated offers: Product disclosure statement must be prepared and lodged

49Purpose of PDS

  1. The purpose of a PDS is to provide certain information that is likely to assist a prudent but non-expert person to decide whether or not to acquire the financial products.