Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p8
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 8/73)
Character Range: 1708993–1711681

of the Act does not apply to a regulated acquisition (within the meaning of that section) that occurs under the custodial arrangement.
 (3) Subregulation (2) ceases to apply at the end of 2 years after the FSR commencement.

Division 15—Other provisions relating to conduct etc

10.2.51  Sale offers that need disclosure
  For section 1444 of the Act:
 (a) section 707 of the old Corporations Act applies in relation to managed investment products:
 (i) issued before the FSR commencement; and
 (ii) sold during the transitional period in relation to the products; and
 (b) section 707 of the Act applies in relation to managed investment products:
 (i) issued on or after the FSR commencement; and
 (ii) sold during the transitional period in relation to the products; and
 (c) section 1012C of the Act does not apply in relation to a financial product that is issued before the end of the transition period in relation to the financial product, other than:
 (i) a security that is not also a warrant; and
 (ii) a managed investment product that is not also a warrant.

10.2.52  Offers that do not need disclosure: small scale offerings
 (1) For section 1444 of the Act, this regulation applies in relation to managed investment products:
 (a) issued or sold before the end of the transition period in relation to the managed investment products; and
 (b) for which:
 (i) a disclosure document under Chapter 6D of the old Corporations Act was not required because of the operation of section 708 of the old Corporations Act (other than subsection 708(1)); or
 (ii) a disclosure document was lodged with ASIC under Chapter 6D of the old Corporations Act.
 (2) A reference in subsection 1012E(8) of the Act to issues and sales that should be disregarded includes issues or sales of the managed investment products.

10.2.52A  Offers that do not need disclosure
 (1) For section 1444 of the Act, this regulation applies in relation to an offer of a financial product if:
 (a) the financial product is described in subsection 1012E(1) of the Act; and
 (b) the financial product was offered before Division 2 of Part 7.9 of the Act applied to the product; and
 (c) a disclosure document was not required under Chapter 6D of the old Corporations Act, in the course of the offer of the financial product; and
 (d) the disclosure document was not required in accordance with a provision of section 708 of the old Corporations Act (other than subsection 708(1)).
 (2) The offer is taken to comply with the condition set out in paragraph 1012E(9)(c) of the Act.

10.2.53  Money other than loans: financial services licensee who formerly held dealer's licence
 (1) For section 1444 of the Act, this