Document ID: chunk:federal_register_of_legislation:C2025C00185:section:761e
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 761E
Character Range: 2985105–2986045

761E  Meaning of acquire, issue and provide

General
 (1) This section defines when a financial product is issued to a person. It also defines who the issuer of a financial product is. If a financial product is issued to a person:
 (a) the person acquires the product from the issuer; and
 (b) the issuer provides the product to the person.
Note: Some financial products can also be acquired from, or provided by, someone other than the issuer (e.g. on secondary trading in financial products).

Issuing a financial product
 (2) Subject to this section, a financial product is issued to a person when it is first issued, granted or otherwise made available to a person.
 (3) Subject to this section, a financial product specified in the table is issued to a person when the event specified for that product occurs:

When particular financial products are issued
Item                                           Financial product        Event