Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1019b:p2
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1019B (pt 2/2)
Character Range: 637833–638687

the right to return the product:
 (a) if the product is constituted by a legal relationship between the client and the issuer of the product—that relationship is, by force of this section, terminated with effect from that time without penalty to the client; and
 (b) any contract for the acquisition of the product by the client is, by force of this section, terminated with effect from that time without penalty to the client.

 (7) The regulations may provide for consequences and obligations (in addition to those provided for by subsection (6)) to apply if the right to return a financial product is exercised.

 (8) The regulations may provide that, in specified circumstances, the amount to be repaid on exercise of the right to return a financial product is to be increased or reduced in accordance with the regulations.

Division 6—Miscellaneous