(1) For section 1444 of the Act, this regulation applies in relation to managed investment products:
(a) issued or sold before the end of the transition period in relation to the managed investment products; and
(b) for which:
(i) a disclosure document under Chapter 6D of the old Corporations Act was not required because of the operation of section 708 of the old Corporations Act (other than subsection 708(1)); or
(ii) a disclosure document was lodged with ASIC under Chapter 6D of the old Corporations Act.
(2) A reference in subsection 1012E(8) of the Act to issues and sales that should be disregarded includes issues or sales of the managed investment products.