Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p26
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 26/73)
Character Range: 1752959–1755588

(i) made an offer to the issuer or seller of a financial product, before Division 2 of Part 7.9 of the Act began to apply to the financial product, that involves the person, or another person, acquiring the financial product; or
 (ii) accepted an offer by the issuer or seller of a financial product, before Division 2 of Part 7.9 of the Act began to apply to the financial product, to issue the financial product to the person or the other person; and
 (b) if the acquisition is not completed before Division 2 of Part 7.9 of the Act began to apply to the financial product.
 (2) The legislation mentioned in section 1440 of the Act in relation to the kind of financial product continues to apply in relation to the financial product to the extent necessary to allow the financial product to be acquired.
 (3) Division 2 of Part 7.9 of the Act does not apply in relation to the financial product to the extent necessary to allow the financial product to be acquired.

10.2.79  References to Product Disclosure Statement: managed investment products
  For section 1444 of the Act, a reference in the following provisions of the Act to a Product Disclosure Statement includes a disclosure document under Chapter 6D of the old Corporations Act:
 (a) paragraph 1012C(6)(b);
 (b) paragraph 1012C(8)(c);
 (c) subparagraph 1012D(2)(b)(i).

10.2.80  Lodgment of Product Disclosure Statement after lodgment of notice
  For section 1444 of the Act, if a person lodges with ASIC a notice under paragraph 1438(3)(b) of the Act:
 (a) section 1015B of the Act is taken to authorise the person to lodge a Product Disclosure Statement before the date of effect specified in the notice; and
 (b) the period mentioned in section 1016B of the Act is taken to start in relation to the person when the person lodges the Product Disclosure Statement.

10.2.81  Ongoing disclosure
  For section 1444 of the Act, if:
 (a) the issuer of a financial product would have had an obligation to notify the holder of a financial product of a change or event mentioned in subsection 1017B(1A) of the Act if Part 7.9 of the Act had applied at all times to the product; and
 (b) the issuer would have been exempt from the obligation because regulation 7.9.16G would have applied to the issuer in relation to the product if Part 7.9 of the Act had applied at all times to the product;
regulation 7.9.16G applies to the issuer in relation to the product during the transition period for the product.

10.2.82  Money received for financial product before the product is issued: general
 (1) For section 1444 of the Act, this regulation applies if:
 (a) money is paid