Corporations Regulations 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.8
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OTHER PROVISIONS RELATING TO CONDUCT ETC CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE
Division 8
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Miscellaneous
REGULATION 7.8.24
7.8.24
RIGHT OF RETURN NOT TO APPLY
For the purposes of paragraph 992AA(3)(a) of the Act, the following classes of financial products are excluded from section 992AA of the Act: (a) a financial product offered or issued under a distribution reinvestment plan or switching facility; (b) a financial product the acquisition of which is an additional contribution required by an existing agreement or contract; (c) a financial product issued as consideration for an offer made under a takeover bid under Chapter 6 of the Act; (d) an interim contract of insurance within the meaning of subsection 11(2) of the Insurance Contracts Act 1984 ; (e) a superannuation product that is issued in relation to:
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 the purposes of paragraph 992AA(3)(a) of the Act, the following classes of financial products are excluded from section 992AA of the Act: (a) a financial product offered or issued under a distribution reinvestment plan or switching facility; (b) a financial product the acquisition of which is an additional contribution required by an existing agreement or contract; (c) a financial product issued as consideration for an offer made under a takeover bid under Chapter 6 of the Act; (d) an interim contract of insurance within the meaning of subsection 11(2) of the Insurance Contracts Act 1984 ; (e) a superannuation product that is issued in relation to:
(i) a non-public offer superannuation entity; or
(f) a risk insurance product that is:
(ii) a public offer superannuation entity mentioned in paragraph 7.6.01(1)(b) , (c) or (d) ;
(i) of less than 12 months duration; and
(ii) a renewal of an existing product on the terms and conditions to which the product is currently subject.
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