Document ID: chunk:federal_register_of_legislation:F2023C00850:body:0:p8
Version: federal_register_of_legislation:F2023C00850
Segment Type: other
Provision Reference: 
Character Range: 18272–21376

an allocation of entitlements relating to an accessible financial product to the client in the nominee and custody service; and
              (ii) an increased investment in an accessible financial product in respect of which a client has been allocated entitlements;
           under a direction of the client; and
           (b) a financial product is of the same kind as another financial product if the products would be of the same kind for the purposes of section 1012D.".

9 Product Disclosure Statements: nominee and custody services
    Part 7.9 of the Act applies in relation to operators of nominee and custody services, and custodians, as if the provisions of that Part were modified or varied by, after subsection 1012IA(9), inserting:
         "(10) An operator of a nominee and custody service or a custodian does not need to give a client a Product Disclosure Statement for a regulated acquisition that complies with subsection 912AH(5), (6) or (7).
         In this subsection, custodian, nominee and custody service and operator have the same meanings as in subsection 912AH(10).".

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration      Date of commencement  Application, saving or transitional provisions
2016/1156          14/12/2016 (see F2016L01943)  15/12/2016
2017/821           20/9/2017 (see F2017L01216)   28/9/2017             -
2017/1119          21/12/2017 (see F2017L01696)  22/12/2017            -
2021/799           22/9/2021 (see F2021L01310)   5/10/2021             -
2023/670           31/8/2023 (see F2023L01161)   1/9/2023

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected                                                        How affected
Section 2                                                                 rep. s48D LA
Section 4 (definition of IDPS)                                            am. 2023/670
Section 4 (definition of IDPS-like scheme)                                am. 2023/670
Paragraph 5(1)(a)                                                         am. 2021/799
Paragraph 6(1)(a)                                                         am. 2021/799
Section 7 (notional subsection 704C(4))                                   am. 2017/1119
Section 8 (notional section 912AE)                                        am. 2017/1119
Section 8 (notional subsection 912AE(3))
                                                                          am. 2017/821
Section 8 (after notional subsection 912AE(3A))
                                                                          ad.  2017/821
Section 8 (notional subsection 912AE(10))
                                                                          am. 2017/821
Section 8 (notional subsection 912AH(10) definition of IDPS)              am. 2023/670
Section 8 (notional subsection 912AH(10) definition of IDPS-like scheme)  am. 2023/670
Section 9 (notional subsection 1012IA(10))                                am. 2017/1119