Corporations Regulations 2001
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.]
Modifying legislative instruments: The application of Pt 7.9 is affected by the ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.9, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
For paragraph 1013D(4)(c) of the Act, the more detailed statement of the information, for paragraph 1013D(1)(f), that must be included in a Product Disclosure Statement that relates to a general insurance product is:
(a) the terms and conditions of the policy document (within the meaning of the Insurance Contracts Act 1984 ) being terms and conditions that are not provided in a Schedule to the policy document; and
(b) information that, if the issuer were seeking to rely on subsection 35(2) and section 37 of the Insurance Contracts Act 1984 , the issuer would have had to provide to the insured before the contract of insurance was entered into.
[
CCH Note:
SLI 2005 No 324, Sch 5, Pt 1
[
2] contained the following transitional provision:
commencing day
new sections 1013C and 1013D
old sections 1013C and 1013D
transition period
Transitional
]
(1)
If, on or after the commencing day, a Product Disclosure Statement for a general insurance product complies with the requirements of old sections 1013C and 1013D, then, for the transition period only, the Product Disclosure Statement is taken to be complying with the requirements of new sections 1013C and 1013D.
(2)
In this item:
means the day item 1 of this Schedule commences.
means those sections of the
Corporations Act 2001
, and any regulations made for the purposes of, or modifying those sections, as in force on and after the commencing day.
means those sections of the
Corporations Act 2001
, and any regulations made for the purposes of, or modifying those sections, as in force immediately before the commencing day.
means the period of 18 months commencing on the commencing day.
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