Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:7:p19
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 7 (pt 19/39)
Character Range: 1150423–1153266

requirement in section 911A of the Act to hold an Australian financial services licence under either of the following provisions of the Act:
 (a) paragraph 926A(2)(a);
 (b) paragraph 926B(1)(a).

Product distributors
 (3) A product distributor within the meaning of section 910A of the Act (as modified by the ASIC Corporations (Basic Deposit and General Insurance Product Distribution) Instrument 2015/682) is prescribed in relation to the following financial products:
 (a) a basic deposit product;
 (b) a general insurance product;
 (c) a bundled consumer credit insurance product (within the meaning of that instrument).

Credit licensees
 (4) Each of the following persons is prescribed in relation to a financial product that is a credit facility:
 (a) a person who is a licensee within the meaning of the National Consumer Credit Protection Act 2009 (the Credit Act);
 (b) a person who is a credit representative (within the meaning of the Credit Act) of such a licensee;
 (c) a person who is exempt from the operation of section 29 of the Credit Act (which is about the requirement to hold a credit licence) under any of the following provisions of that Act:
 (i) paragraph 109(1)(a);
 (ii) paragraph 109(3)(a);
 (iii) paragraph 110(1)(a);
 (d) a person who engages in a credit activity (within the meaning of section 6 of the Credit Act) on the person's own behalf;
 (e) a person who contravenes section 29 of the Credit Act.

Issuers and sellers of extended operation financial products
 (5) Each of the following persons is prescribed in relation to an extended operation financial product:
 (a) a person who issues the product;
 (b) a person who sells the product under a regulated sale.

Division 2—Financial products for which target market determinations are required

7.8A.03  Financial products for which target market determinations are required
  This Division is made for the purposes of paragraphs 994B(1)(c) and 994B(2)(b) of the Act.

7.8A.04  Jurisdictional scope of Division
  A person is not required by this Division to make a target market determination for a financial product if the product is:
 (a) a financial product that is not available for acquisition by issue, or by regulated sale, in this jurisdiction; or
 (b) securities (as defined in subsection 92(7) of the Act) offered under a recognised offer in relation to a recognised jurisdiction.

7.8A.05  Simple corporate bonds
  A person must make a target market determination for a financial product if:
 (a) the product is a simple corporate bonds depository interest where the bonds are to be issued under a 2‑part simple corporate bonds prospectus; and
 (b) the person is the person required to prepare a disclosure document for the bonds.
Note: The person must make the determination before any person engages in retail product distribution conduct in