Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For paragraph 1017B(1)(d) of the Act, the circumstances in subregulation (2) are specified.
(2) The circumstances are that the product issuer issued a financial product that was acquired by a holder as a retail client:
(a) in a sale situation in which the issuer is not required to give a Product Disclosure Statement for the product under section 1012C of the Act; or
(b) in a situation in which a Product Disclosure Statement is not required because of the operation of section 1012D of the Act other than subsection (1), (2), (2A) or (2B) of that section; or
(c) in an offer situation in which a Product Disclosure Statement is not required under section 1012E of the Act.
(3) For paragraph 1017B(1A)(c) of the Act, the
attribution, on the recommendation of the trustee, of an amount in relation to
a member in a MySuper product to another class of beneficial interest in the
fund is specified.