Document ID: chunk:federal_register_of_legislation:C2004A01226:clause:2_78j
Version: federal_register_of_legislation:C2004A01226
Segment Type: clause
Provision Reference: sch 2 cl 78J
Character Range: 59163–59766

78J  Paragraphs 1016D(2)(c) and (d)
Repeal the paragraphs, substitute:
 (c) an issue or transfer to a person of a financial product of that kind is void if:
 (i) the issue or transfer is pursuant to an application made in response to the Statement; or
 (ii) the person should have been given the Statement; and
 (d) if:
 (i) an issue or transfer of a financial product to a person is void because of paragraph (c); and
 (ii) the responsible person received money from that person on account of the issue or transfer—the responsible person must, as soon as practicable, return the money to that person.