Commonwealth Consolidated Acts

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Extended operation of this Part in relation to ASIC Act financial products

             (1)  In this Part, financial product means each of the following:

                     (a)  a financial product (within the meaning of this Chapter) (see section 761A);

                     (b)  a financial product (within the meaning of Division 2 of Part 2 of the ASIC Act), other than a financial product covered by paragraph (a).

Note:          Whether a target market determination is required to be made in relation to financial products covered by this extended definition is determined under section 994B, including any regulations made for the purposes of paragraph 994B(3)(f).

             (2)  In determining the meaning of a term used in a provision of this Part (other than this section), treat a reference in this Act to a financial product as being a reference to a financial product within the meaning of subsection (1) of this section.

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