Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For subsection 1409(1) of the Act, this regulation applies to a document or statement about a financial product during the transition period that ceases on the earlier of:
(a) the date that Part 7.9 of the Act applies to the regulated person; and
(b) 2 years after the FSR commencement.
(2) The following documents and statements are prescribed under paragraph (b) of the definition of exempt document or statement in subsection 766B(9) of the Act:
(a) in relation to an interest in a managed investment scheme to which Division 2 of Part 7.9 of the Act does not apply--a disclosure document lodged under Chapter 6D of the Act;
(b) in relation to a derivative to which Division 2 of Part 7.9 of the Act does not apply--information mentioned in section 1210 of the old Corporations Act;
(c) in relation to a superannuation product to which Division 2 of Part 7.9 of the Act does not apply--information mentioned in section 153 or 159 of the SIS Act or Part 2 of the SIS Regulations as in force immediately before the FSR commencement;
(d) in relation to an RSA product to which Division 2 of Part 7.9 of the Act does not apply--information mentioned in section 56 of the RSA Act, as in force immediately before the FSR commencement;
(e) in relation to an investment life insurance product or a
life risk insurance product--a document or statement that contains information
given in accordance with Circular G.I.1, issued by the Insurance and
Superannuation Commission in February 1996.