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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