Document ID: chunk:federal_register_of_legislation:F2018C00595:body:0:p2
Version: federal_register_of_legislation:F2018C00595
Segment Type: other
Provision Reference: 
Character Range: 2761–5254

section 1012B or 1012C of the Act where the person:
           (a) issues or sells; or
           (b) makes an offer to issue or sell; or
           (c) makes an offer to arrange for the issue of;
a financial product under a foreign compromise or arrangement that the person reasonably believes is made in accordance with the laws that, as at the date of the issue, sale or offer (as the case may be), are in force in or in a part of an eligible foreign country.
(4) A person that makes a sale offer of a financial product within 12 months after the issue of the product does not have to comply with section 1012C of the Act in relation to the sale offer where the product was issued or transferred under a foreign compromise or arrangement.
(5) An adviser does not have to comply with section 1012A of the Act where the adviser makes a recommendation to acquire a financial product under a foreign compromise or arrangement.

6 Disclosure relief for Part 5.1 compromises or arrangements
(1) A person does not have to comply with section 1012B or 1012C of the Act where the person:
           (a) issues or sells; or
           (b) makes an offer to issue or sell; or
           (c) makes an offer to arrange for the issue of;
a financial product under a compromise or arrangement under Part 5.1 of the Act approved at a meeting held, or to be considered at a meeting to be held, as a result of an order under subsection 411(1) or (1A) of the Act.
(2) A person that makes a sale offer of a financial product within 12 months after the issue of the product does not have to comply with section 1012C of the Act in relation to the sale offer where the product was issued or transferred under a compromise or arrangement under Part 5.1 of the Act approved at a meeting held as a result of an order under subsection 411(1) or (1A) of the Act.
(3) An adviser does not have to comply with section 1012A of the Act where the adviser makes a recommendation to acquire a financial product under a compromise or arrangement under Part 5.1 of the Act approved at a meeting held, or to be considered at a meeting to be held, as a result of an order under subsection 411(1) or (1A) of the Act.

Part 3—Declaration

7 Disclosure relief for Part 5.1 compromises or arrangements: legislative drafting clarification
(1)  Chapter 6D of the Act applies to all persons as if subsection 708(17) were modified or varied by omitting "approved at a meeting held" and substituting "approved at a meeting held, or to be