Document ID: chunk:federal_register_of_legislation:F2024C01051:body:0:p7
Version: federal_register_of_legislation:F2024C01051
Segment Type: other
Provision Reference: 
Character Range: 16274–18953

copy of the terms and conditions of the product will receive, without charge, a copy within a reasonable time after the request;
           (iii) information about any amount payable by the person to obtain the cover under the product (if the amount can be separately identified in dollars from any other amounts payable by the person to the body);
           (iv) if the body will receive payments (rebates) from the product issuer or any financial services licensee or their associates to arrange for the issue of the risk management product or for a person to be covered by an existing risk management product, the amounts (if any) that will be paid to the person to be covered by the product from those rebates or, if the amounts cannot be ascertained, information about how the amounts will be determined;
           (v) if the body is neither a financial services licensee nor the authorised representative of such a licensee—a statement that the body does not hold an Australian financial services licence and that the person should consider obtaining their own financial product advice about the product;
            (vi) if the body is a limited licensee or an authorised representative of a limited licensee—a statement that the body's financial services licence, or the licence under which they are an authorised representative, does not authorise them to provide financial services in relation to a group purchasing scheme or risk management product, and that the person should consider obtaining their own financial product advice about the product;
           (vii) information about the obligation described in paragraph (c) and the facility described in paragraph (d).

7 Exclusion from relying on this instrument
    A group purchasing body cannot rely on the exemptions in section 5 if ASIC has given a notice to the body, stating that the body cannot rely on this instrument, and ASIC has not withdrawn the notice.  The notice may be given by sending it to the body's address last known to ASIC.

8 Application of relief to non-incorporated group purchasing bodies
    This instrument applies to a group purchasing body that is not incorporated, with the following changes:
(a) the exemptions in section 5 may be relied on by an office bearer or employee of the body authorised by the body to do so;
(b) a condition that would be imposed on the body is imposed instead on each office bearer of the body but may be discharged by any of them or by an employee of the body;
(c) a notice referred to in section 7 that is required to be sent to the address of the body may instead be sent to the address of an office bearer or employee of the body and has effect in