Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.7.10

Products for which a Statement of Advice is not required

    For paragraph   946B(5)(c) of the Act, the following are prescribed:

  (a)   a deposit product that is a facility in relation to which:

  (i)   there is no minimum period before which funds cannot be withdrawn or transferred from the facility without a reduction in the return generated for the depositor; or

  (ii)   if there is such a period, it expires on or before the end of the period of 2 years starting on the day on which funds were first deposited in the facility;

  (b)   travellers' cheques;

  (c)   a cash management trust interest;

  (d)   a motor vehicle insurance product (see regulation   7.1.11);

  (e)   a home building insurance product (see regulation   7.1.12);

  (f)   a home contents insurance product (see regulation   7.1.13);

  (g)   a travel insurance product (see regulation   7.1.16);

  (h)   a personal and domestic property insurance product (see regulation   7.1.17);

  (i)   a general insurance product prescribed by regulations made for the purposes of subparagraph   761G(5)(b)(viii) (see regulation   7.1.17A).


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