Corporations Amendment Regulations 2003 (No. 3) (85 of 2003)

Schedule 1   Amendments

[3]   After regulation 7.1.33C

insert

7.1.33D Investment-linked life insurance products

For paragraph 766A (2) (b) of the Act, a person is taken not to provide a financial service if:

(a) the person makes a market for a financial product (within the meaning of section 766D of the Act); and

(b) the person is the issuer of the product; and

(c) the product is an investment-linked life insurance policy under an investment-linked contract (within the meaning of subsection 14 (4) of the Life Insurance Act 1995).