Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p35
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 35/43)
Character Range: 790073–792972

the date that is the transfer date for the purposes of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, was registered or incorporated as a friendly society under a law of a State or Territory; and
 (b) the sole purpose of which is to save money for the purpose of meeting the whole or a part of the expenses of and incidental to the funeral, burial or cremation of a person on the death of that person.
funeral services entity means an entity of one of the following kinds:
 (a) a body corporate;
 (b) a partnership;
 (c) an unincorporated body;
 (d) an individual;
 (e) for a trust that has only one trustee—a trustee;
 (f) for a trust that has more than one trustee—the trustees together;
that carries on a business in this jurisdiction of supplying:
 (g) services for the care and preparation of human bodies for burial or cremation; and
 (h) services for the arrangement, supervision or conduct of a funeral, burial or cremation; and
 (i) products in connection with the services mentioned in paragraphs (g) and (h).
media means any of the following:
 (a) a newspaper, magazine, journal or other periodical;
 (b) a radio or television broadcasting service;
 (c) an electronic service (including a service provided by the Internet) that is:
 (i) operated on a commercial basis; and
 (ii) similar to a newspaper, a magazine, a radio broadcast or a television broadcast.
small business means a business with less than 100 employees.

7.6.01AAAA  Need for Australian financial services licence: prescribed insurance products in relation to claimant intermediaries
  For the purposes of subparagraph 911A(2)(ek)(vi) of the Act, general insurance products are prescribed.

7.6.01AAAB  Need for Australian financial services licence: issuers of insurance products
  For the purposes of subparagraph 911A(2)(el)(ii) of the Act, the following issuers of insurance products are prescribed:
 (a) Lloyd's underwriters (within the meaning of the Insurance Act 1973);
 (b) unauthorised foreign insurers.

7.6.01AAA  Particular financial products not exempted
  For subsection 911A(5A) of the Act, the exemption under paragraph 911A(2)(b) of the Act does not apply in relation to a margin lending facility.

7.6.01AB  Obligation on persons providing exempt financial service
 (1) For paragraph 926B(1)(c) of the Act, Part 7.6 of the Act applies as if section 911A of the Act were modified to insert the following subsection after subsection (5B):
 '(5C) If the regulations prescribe an exemption under paragraph (2)(k) that covers the provision of a service by a person in relation to:
 (a) a litigation funding scheme mentioned in regulation 5C.11.01 of the Corporations Regulations 2001; or
 (b) a litigation funding arrangement mentioned in that regulation;
the regulations may require the person to have adequate practices, and follow certain procedures, for managing