Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsDespite the repeal of regulation 7.1.07D by item 2 of Schedule 1 to the Treasury Laws Amendment (Financial Services Improved Consumer Protection) (Funeral Expenses Facilities) Regulations 2019 , that regulation, as in force immediately before 1 April 2020, continues to apply on and after that day in relation to a funeral expenses policy (as defined in subregulation 7.1.07D(2)) if:
(a) for a funeral expenses policy entered into with a person who is a financial services licensee immediately before 1 April 2020--the funeral expenses policy is entered into before 1 January 2021; or
(b) for any other case--the funeral expenses policy is entered into before 1 April 2020.
Note: Regulation 7.1.07D (as in force before its repeal) provided that a funeral expenses policy is not a financial product.