Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.9.15FA

Transitional arrangements for regulations 7.9.15D, 7.9.15E and 7.9.15F

  (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).


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