Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.8A.07

Basic banking products

    A person must make a target market determination for a financial product if:

  (a)   the product is a basic banking product; and

  (b)   the person issues, or offers to issue, the product.

Note:   The person must make the determination before any person engages in retail product distribution conduct in relation to the product: see subparagraph   994B(2)(b)(ii) of the Act.


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