Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor subsection 1200C(4) of the Act an offer of a security is a prescribed offer in relation to New Zealand if a disclosure document (as defined in the Financial Markets Conduct Act 2013 of New Zealand) must be prepared in accordance with:
(a) the Financial Markets Conduct Act 2013 of New Zealand; or
(b) the Financial Markets Conduct Regulations 2014 of New Zealand .
Note: For the purpose of Chapter 8 of the Act and Chapter 8 of these regulations, a security does not include all of the financial products defined as securities in the Financial Markets Conduct Act 2013 of New Zealand--see the definition of securities in section 1200A(1) of the Act. For example, a security does not include an interest in a superannuation scheme or a life insurance policy.