Document ID: chunk:federal_register_of_legislation:C2025C00185:section:764a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 764A (pt 2/3)
Character Range: 3021872–3024494

pensions or payments described in paragraph 11(3)(c) of the Life Insurance Act 1995; or
 (iii) to the extent that it provides for the provision of a funeral benefit; or
 (iv) issued by an employer to an employee of the employer;
 (f) a life policy, or a sinking fund policy, that is not a contract of insurance, but not including such a policy:
 (i) to the extent that it provides for a benefit to be provided by an association of employees that is registered as an organisation, or recognised, under the Fair Work (Registered Organisations) Act 2009 for a member of the association or a dependant of a member; or
 (ii) to the extent that it provides for benefits, pensions or payments described in paragraph 11(3)(c) of the Life Insurance Act 1995; or
 (iii) to the extent that it provides for the provision of a funeral benefit; or
 (iv) issued by an employer to an employee of the employer;
 (g) a superannuation product; or
 (h) an RSA; or
 (i) any deposit‑taking facility made available by an ADI (within the meaning of the Banking Act 1959) in the course of its banking business (within the meaning of that Act), other than an RSA (RSAs are covered by paragraph (h));
 (j) a debenture, stock or bond issued or proposed to be issued by a government;
 (k) a foreign exchange contract that is not:
 (i) a derivative (derivatives are covered by paragraph (c)); or
 (ii) a contract to exchange one currency (whether Australian or not) for another that is to be settled immediately;
 (ka) an Australian carbon credit unit;
 (kb) an eligible international emissions unit;
 (l) a margin lending facility;
 (m) anything declared by the regulations to be a financial product.
Note: Even though something is expressly excluded from one of these paragraphs, it may still be a financial product (subject to Subdivision D) either because:
(a) it is covered by another of these paragraphs; or
(b) it is covered by the general definition in Subdivision B.

Contracts of insurance
 (1A) If a single contract of insurance provides 2 or more kinds of cover, paragraph (1)(d) applies separately in relation to that contract, in relation to each of those kinds of cover, as if the contract only provided that kind of cover.
Note: Because of this subsection (including as it is affected by subsection (1B)), a single contract of insurance may constitute 2 or more separate general insurance products.
 (1B) If a contract of insurance provides a kind of cover in relation to 2 or more kinds of asset, subsection (1A) applies to the contract, in relation to each of those kinds of asset, as if the cover provided by the contract in relation