Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) If, at any time during the transition period, a Product Disclosure Statement for a general insurance product complies with the requirements of old sections 1013C and 1013D, the Product Disclosure Statement is taken to comply with the requirements of:
(a) sections 1013C and 1013D of the Act; and
(b) the provisions of any regulations made for the purposes of, or modifying, sections 1013C and 1013D of the Act;
as in force at that time.
(2) In this regulation:
"commencing day" means the day on which this regulation commences.
"old sections 1013C and 1013D" means:
(a) sections 1013C and 1013D of the Act; and
(b) the provisions of any regulations made for the purposes of, or modifying, those sections;
"as in force immediately before the commencing day."
"transition period" means the period starting on the commencing day and ending at the end of 30 June 2008.
Note: Before the commencement of this regulation, transitional arrangements in similar terms were provided for regulations 7.9.15D, 7.9.15E and 7.9.15F by item 2 of Schedule 5 to the Corporations Amendment Regulations 2005 (No. 5) (SLI 2005 No. 324).