Corporations Regulations 2001

CHAPTER 12 - FINANCIAL SECTOR REFORM  

PART 12.7 - OTHER DISCLOSURE  

Division 2 - Continued application of certain provisions  

REGULATION 12.7.06   CERTAIN PROVISIONS OF THE FRIENDLY SOCIETIES CODE CEASE TO APPLY TO FSR LICENSEE  

12.7.06(1)   [ Provisions cease to apply]  

For clause 39 of Schedule 4 to the Act the provisions of subclause 36(1) of Schedule 4 cease to apply to a body to which the Schedule applies on the earlier of:

(a) 2 years after the FSR commencement; and

(b) if the body gives notice under paragraph 1438(3) (b) of the Act that the body wants the new product disclosure provisions to apply in relation to specified products from a certain date - that date.

12.7.06(2)   [ Effective date]  

Subregulation (1) takes effect from the date specified in the notice as the date from which the new product disclosure provisions will apply.