Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.8.21B

Anti-hawking provisions if no Product Disclosure Statement is required--carbon units, Australian carbon credit units and eligible international emissions units

                   For paragraph 992C(1)(c) of the Act, Part 7.8 of the Act applies in relation to a carbon unit, an Australian carbon credit unit or an eligible international emissions unit as if paragraphs 992A(3)(c), (d) and (e) (including the note) read as follows:

                    "(c)  informed that:

                            "(i)  for a carbon unit, the person should consider all information about the financial product that is published on the website of the Clean Energy Regulator as mentioned in section 202 of the Clean Energy Act 2011 before becoming bound to acquire a financial product; and

                             (ii)  for an Australian carbon credit unit, the person should consider all information about the financial product that is published on the website of the Clean Energy Regulator as mentioned in section 162 of the Carbon Credits (Carbon Farming Initiative) Act 2011 before becoming bound to acquire a financial product; and

                            (iii)  for an eligible international emissions unit, the person should consider all information about the financial product that is published on the website of the Clean Energy Regulator as mentioned in section 61 of the Australian National Registry of Emissions Units Act 2011 before becoming bound to acquire a financial product; and

                     (d)  clearly informed of the importance of using that information when making a decision to acquire a financial product; and

                     (e)  given the option of having the information on that website read out to that person.

Note:          Failure to comply with this subsection is an offence (see subsection 1311(1)).".



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