Document ID: chunk:federal_register_of_legislation:F2022C01200:body:0:p9
Version: federal_register_of_legislation:F2022C01200
Segment Type: other
Provision Reference: 
Character Range: 21413–24140

forms where no PDS required
    Part 7.9 of the Act applies in relation to a person who issues or sells a relevant financial product as if section 1016A were modified or varied as follows:
(a) in the definition of restricted issue in subsection 1016A(1), omit "either", substitute "any";
(b) before paragraph (b) of the definition of restricted issue in subsection 1016A(1), insert:
           "(aa) an issue in a situation, or pursuant to an offer made in a situation, where the regulated person does not have to give the client a Product Disclosure Statement because of an exemption under subsection 1020F(1); or";
(c) in paragraph (b) of the definition of restricted issue in subsection 1016A(1), omit  "section 1012E", substitute "section 1012DAA, 1012E";
(d) before paragraph (b) of the definition of restricted sale in subsection 1016A(1), insert:
           "(aa) is not made in a situation where the regulated person does not have to give the client a Product Disclosure Statement because of an exemption under subsection 1020F(1); and
(ab) is not made in a situation to which section 1012DA applies; and".
Note:    Part 7.9 applies to CCIVs subject to modifications: see, in particular, sections 1241W (which modifies section 1016A) and 1241S (which modifies section 1012DAA).

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration      Date of commencement  Application, saving or transitional provisions
2017/241           22/3/2017 (see F2017L00279)   23/3/2017
2018/697           13/9/2018 (see F2018L01281)   18/9/2018             -
2022/0940          14/11/2022 (see F2022L01459)  15/11/2022            -

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected                                            How affected
Section 2                                                     rep. s48D LA
Section 4                                                     am. 2018/697
Section 4 (definition of member approved switch arrangement)  am. 2022/0940
Section 4 (definition of relevant financial product)          am. 2022/0940
Section 4 (definition of switch)                              am. 2022/0940
Section 4 (definition of voluntary switch arrangement)        am. 2022/0940
Section 5A                                                    ad. 2018/697
Section 5B                                                    ad. 2022/0940
Subsection 9(2) (note)                                        ad. 2022/0940
Section 10                                                    am. 2018/697 and 2022/0940

Section 11 (note)                                             ad. 2022/0940