Document ID: chunk:federal_register_of_legislation:C2020A00135:clause:3_12dz
Version: federal_register_of_legislation:C2020A00135
Segment Type: clause
Provision Reference: sch 3 cl 12DZ
Character Range: 56574–57674

12DZ  Effect of exemption
 (1) Section 12DQ does not apply in relation to the sale of an add‑on insurance product by a person if an exemption under subsection 12DX(1) or 12DY(1) applies to the add‑on insurance product.
Note: A defendant bears an evidential burden in relation to the matter in subsection (1): see subsection 13.3(3) of the Criminal Code.
 (2) Sections 12DR and 12DS do not apply in relation to an offer to issue or sell an add‑on insurance product, or a request or invitation to ask or apply for an add‑on insurance product, if an exemption under subsection 12DX(1) or 12DY(1) applies to the add‑on insurance product.
Note: A defendant bears an evidential burden in relation to the matter in subsection (2): see subsection 13.3(3) of the Criminal Code.

Product intervention orders
 (3) Subsections (1) and (2) do not apply to an add‑on insurance product if:
 (a) a product intervention order is in force under Part 7.9A of the Corporations Act 2001 in relation to the product; and
 (b) the product intervention order provides for a period during which the product must not be sold.