Corporations Regulations 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.1
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PRELIMINARY
Division 1
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General
REGULATION 7.1.04F
MEANING OF
CLASS
OF FINANCIAL SERVICES (SUBSECTIONS 917A(3), 917C(2) AND 917C(3) OF THE ACT)
7.1.04F(1)
For section 761CA of the Act, this regulation applies for subsections 917A(3) , 917C(2) and 917C(3) of the Act.
7.1.04F(2)
Each of the following is a class of financial services: (a) the provision of financial product advice relating to a general insurance product; (b) the provision of financial product advice relating to an investment life insurance product; (c) the provision of financial product advice relating to a life risk insurance product; (d) dealing in a financial product that is a general insurance product; (e) dealing in a financial product that is an investment life insurance product; (f) dealing in a financial product that is a life risk insurance product; (g) the provision of a claims handling and settling service in relation to a general insurance product; (h) the provision of a claims handling and settling service in relation to an investment life insurance product; (i) the provision of a claims handling and settling service in relation to a life risk insurance product.
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For section 761CA of the Act, this regulation applies for subsections 917A(3) , 917C(2) and 917C(3) of the Act.
7.1.04F(2)
Each of the following is a class of financial services: (a) the provision of financial product advice relating to a general insurance product; (b) the provision of financial product advice relating to an investment life insurance product; (c) the provision of financial product advice relating to a life risk insurance product; (d) dealing in a financial product that is a general insurance product; (e) dealing in a financial product that is an investment life insurance product; (f) dealing in a financial product that is a life risk insurance product; (g) the provision of a claims handling and settling service in relation to a general insurance product; (h) the provision of a claims handling and settling service in relation to an investment life insurance product; (i) the provision of a claims handling and settling service in relation to a life risk insurance product.
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