Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


Confirmation of transaction--information about cooling-off period

             (1)  For paragraph 1017F(8)(d) of the Act, this regulation applies in relation to a transaction:

                     (a)  that is the acquisition of a financial product to which:

                              (i)  regulation 7.9.14, 7.9.66 or 7.9.68 applies; and

                             (ii)  to which regulation 7.9.64 does not apply; or

                     (b)  relating to an RSA product to which subsection 1012I(2) of the Act applies, other than:

                              (i)  an acquisition to which subsection 52(5) of the RSA Act applies; or

                             (ii)  a transaction in which the product holder disposes of the holder's interest in the product before the time that confirmation of the acquisition is required under section 1017F of the Act.

             (2)  The confirmation of the transaction must identify information about any cooling-off regime that applies in respect of acquisitions of the product (whether the regime is provided for by a law or otherwise).

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback