Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p10
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 10/43)
Character Range: 1289777–1292565

must be retained by the responsible person for that Statement for 7 years after the date of the Statement.
 (2) This regulation does not apply if the Product Disclosure Statement is for:
 (a) a standard margin lending facility; or
 (b) a superannuation product to which Subdivision 4.2B of Division 4 of this Part applies; or
 (c) a simple managed investment scheme to which Subdivision 4.2C of Division 4 of this Part applies; or
 (d) a simple sub‑fund product to which Subdivision 4.2D of Division 4 of this Part applies.

7.9.15DC  Requirement to lodge documents mentioned in a Product Disclosure Statement with ASIC
 (1) A document, or part of a document, mentioned in a Product Disclosure Statement that was required to be lodged with ASIC under section 1015B of the Act must be lodged with ASIC as if the document, or part of the document, were a Statement within the meaning of section 1015B of the Act.
 (2) This regulation does not apply if the Product Disclosure Statement is for:
 (a) a standard margin lending facility; or
 (b) a superannuation product to which Subdivision 4.2B of Division 4 of this Part applies; or
 (c) a simple managed investment scheme to which Subdivision 4.2C of Division 4 of this Part applies; or
 (d) a simple sub‑fund product to which Subdivision 4.2D of Division 4 of this Part applies.

7.9.15E  More detailed information in product disclosure statement: general insurance product
  For paragraph 1013D(4)(c) of the Act, the more detailed statement of the information, for paragraph 1013D(1)(f), that must be included in a Product Disclosure Statement that relates to a general insurance product is:
 (a) the terms and conditions of the policy document (within the meaning of the Insurance Contracts Act 1984) being terms and conditions that are not provided in a Schedule to the policy document; and
 (b) information that, if the issuer were seeking to rely on subsection 35(2) and section 37 of the Insurance Contracts Act 1984, the issuer would have had to provide to the insured before the contract of insurance was entered into.

7.9.15F  Product disclosure statement: general insurance product
  For paragraph 1020G(1)(b) of the Act, Part 7.9 of the Act applies to general insurance products as if subparagraph 1013C(1)(a)(ii) and section 1013E were omitted.

7.9.15FA  Transitional arrangements for regulations 7.9.15D, 7.9.15E and 7.9.15F
 (1) If, at any time during the transition period, a Product Disclosure Statement for a general insurance product complies with the requirements of old sections 1013C and 1013D, the Product Disclosure Statement is taken to comply with the requirements of:
 (a) sections 1013C and 1013D of the Act; and
 (b) the provisions of any regulations made for the purposes of, or modifying, sections 1013C and