Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 2   ALRC Financial Services Interim Report: single glossary of defined terms

Part 1   Amendments

Division 9   Terms relating to financial services and markets

Corporations Act 2001

541   Section 1023B

Repeal the section, substitute:

1023B Meaning of financial product - Part 7.9A

In this Part, financial product :

(a) includes a financial product within the meaning of Division 2 of Part 2 of the ASIC Act; but

(b) does not include:

(i) a financial product issued, or offered for regulated sale, by an exempt body corporateof a State or Territory or by an exempt public authority; or

(ii) a financial product specified in regulations made for the purposes of this subparagraph.