Document ID: chunk:federal_register_of_legislation:C2020A00135:clause:3_12dza
Version: federal_register_of_legislation:C2020A00135
Segment Type: clause
Provision Reference: sch 3 cl 12DZA
Character Range: 57674–58943

12DZA  Contravention of conditions on exemption
 (1) A person who:
 (a) sells or offers to sell an add‑on insurance product, if an exemption under section 12DX or 12DY applies to the product; or
 (b) sells a product or service, if:
 (i) there is an arrangement between the person and another person that relates to the provision by the other person of add‑on insurance products in relation to that kind of product or service; and
 (ii) an exemption under section 12DX or 12DY applies to any of those add‑on insurance products; or
 (c) offers an add‑on insurance product for issue or sale to a consumer, or requests or invites a consumer to ask or apply for an add‑on insurance product or to purchase an add‑on insurance product, where an exemption under section 12DX or 12DY applies to the add‑on insurance product;
must not contravene a condition of the exemption.
Note: Failure to comply with this subsection is an offence (see section 12GB).

Product intervention orders
 (2) Subsection (1) does not apply to an add‑on insurance product if:
 (a) a product intervention order is in force under Part 7.9A of the Corporations Act 2001 in relation to the product; and
 (b) the product intervention order provides for a period during which the product must not be sold.