Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.198

Hawking financial product--other arrangements

  (1)   For section   1444 of the Act, this regulation applies in relation to a financial product.

  (2)   If Division   2 of Part   7.9 of the Act does not apply to the financial product, a reference in section   992A of the Act to a Product Disclosure Statement in relation to the financial product includes:

  (a)   in relation to a derivative--information mentioned in section   1210 of the old Corporations Act; and

  (b)   in relation to a superannuation product--information mentioned in section   153 or 159 of the SIS Act, as in force immediately before the FSR commencement; and

  (c)   in relation to an RSA product--information mentioned in section   56 of the RSA Act, as in force immediately before the FSR commencement; and

  (d)   in relation to a managed investment product--a disclosure document for the product.

  (3)   If Division   2 of Part   7.9 of the Act does not apply to the financial product, subsection   992A(3) of the Act applies in relation to a financial product that is not mentioned in subregulation   (2) as if paragraphs 992A(3)(c), (d) and (e) were omitted.


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