Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 15 - Other provisions relating to conduct etc  

REGULATION 10.2.73A   ADVERTISING FOR FINANCIAL PRODUCTS  

10.2.73A(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to:

(a) a financial product; or

(b) a class of financial products that includes the financial product;

for which a notice has been lodged with ASIC in accordance with paragraph 1438(3)(b) of the Act.

10.2.73A(2)   [ Election]  

At any time in the period of 3 months ending immediately before the date specified in the notice in accordance with paragraph 1438(3)(b) of the Act, the issuer of the financial product may decide to comply with Division 4 of Part 7.9 of the Act in relation to the financial product.

10.2.73A(3)   [ Requirements]  

If the product issuer makes the decision mentioned in subregulation (2):

(a) Division 4 of Part 7.9 of the Act applies in relation to the financial product until the date specified in the notice; and

(b) section 734 of the old Corporations Act does not apply in relation to the financial product.

Note: Under subsection 1438(5) of the Act, it is possible for the date specified in accordance with paragraph 1438(3)(b) of the Act to be changed.

10.2.73A(4)   [ Limitation]  

If the notice is lodged with ASIC less than 3 months before the date specified in the notice in accordance with paragraph 1438(3)(b) of the Act, subregulation (2) applies only during the period:

(a) starting when the notice is lodged; and

(b) ending immediately before the date specified in the notice.