Document ID: chunk:federal_register_of_legislation:C2025C00185:section:763a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 763A
Character Range: 3013165–3014020

763A  Meaning of financial product
 (1) A financial product is a facility through which, or through the acquisition of which, a person does one or more of the following:
 (a) makes a financial investment;
 (b) manages financial risk;
 (c) makes non‑cash payments.
This has effect subject to section 763E.
 (2) A particular facility that is of a kind through which people commonly make financial investments, manage financial risks or make non‑cash payments is a financial product even if that facility is acquired by a particular person for some other purpose.
 (3) A facility does not cease to be a financial product merely because:
 (a) the facility has been acquired by a person other than the person to whom it was originally issued; and
 (b) that person, in acquiring the product, was not making a financial investment or managing a financial risk.