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                              (i)  there is no minimum period before which funds cannot be withdrawn or transferred from the facility without a reduction in the return generated for the depositor; or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