Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p28
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 28/73)
Character Range: 1757872–1760600

Act, if:
 (a) a regulated principal in relation to a financial product would, but for this regulation, be required by subsection 1017G(1) of the Act to have a dispute resolution system for the financial product; and
 (b) the issue or sale of the financial product as mentioned in paragraph 1017G(1)(b) of the Act is within the regulated activities of the regulated principal;
section 1017G of the Act does not apply to the regulated principal in relation to the financial product.
 (2) Subregulation (1) ceases to apply in relation to the regulated principal at the end of the transition period in relation to the regulated principal.

10.2.87A  Meaning of financial product advice: exempt document or statement
 (1) For subsection 1409(1) of the Act, this regulation applies to a document or statement about a financial product during the transition period that ceases on the earlier of:
 (a) the date that Part 7.9 of the Act applies to the regulated person; and
 (b) 2 years after the FSR commencement.
 (2) The following documents and statements are prescribed under paragraph (b) of the definition of exempt document or statement in subsection 766B(9) of the Act:
 (a) in relation to an interest in a managed investment scheme to which Division 2 of Part 7.9 of the Act does not apply—a disclosure document lodged under Chapter 6D of the Act;
 (b) in relation to a derivative to which Division 2 of Part 7.9 of the Act does not apply—information mentioned in section 1210 of the old Corporations Act;
 (c) in relation to a superannuation product to which Division 2 of Part 7.9 of the Act does not apply—information mentioned in section 153 or 159 of the SIS Act or Part 2 of the SIS Regulations as in force immediately before the FSR commencement;
 (d) in relation to an RSA product to which Division 2 of Part 7.9 of the Act does not apply—information mentioned in section 56 of the RSA Act, as in force immediately before the FSR commencement;
 (e) in relation to an investment life insurance product or a life risk insurance product—a document or statement that contains information given in accordance with Circular G.I.1, issued by the Insurance and Superannuation Commission in February 1996.

Division 17—Arrangements relating to enforcement of matters by ASIC

10.2.88  Definition
  In this Division:
amended Corporations Act means the Act as in force after the FSR commencement.

10.2.89  Financial services law
  For section 761A of the Act, a provision of the relevant old legislation is not a financial services law unless the operation of the provision is expressly preserved or applied (with or without modification) in relation to the matter by a provision of these Regulations (other than this regulation).