Commonwealth Consolidated Regulations

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Certain provisions of the Friendly Societies Code cease to apply to FSR licensee

             (1)  For clause 39 of Schedule 4 to the Act the provisions of subclause 36(1) of Schedule 4 cease to apply to a body to which the Schedule applies on the earlier of:

                     (a)  2 years after the FSR commencement; and

                     (b)  if the body gives notice under paragraph 1438(3)(b) of the Act that the body wants the new product disclosure provisions to apply in relation to specified products from a certain date--that date.

             (2)  Subregulation (1) takes effect from the date specified in the notice as the date from which the new product disclosure provisions will apply.

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