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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