Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_991e:p2
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 991E (pt 2/2)
Character Range: 493109–493837

to rescind the contract:
 (a) can only be exercised during the period of 14 days starting on:
 (i) unless subparagraph (ii) applies—the day on which the contract was entered into; or
 (ii) if regulations made for the purposes of this subparagraph specify a later day—that later day; and
 (b) is to be exercised by notice in writing to the licensee.

 (6) Nothing in subsections (4) and (5) affects any other right that a person has.

Regulations may require records to be kept in relation to transactions entered into by licensee on own behalf

 (7) The regulations may impose requirements for the keeping of records relating to financial products transactions entered into by a financial services licensee on their own behalf.