Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 41 - Requirements if Product Disclosure Statement is not in existence  

REGULATION 10.2.202   DOCUMENTS EQUIVALENT TO PRODUCT DISCLOSURE STATEMENT  

10.2.202(1)   [ Product Disclosure Statement]  

For section 1444 of the Act, a reference in paragraph 949A(2)(c) of the Act to a Product Disclosure Statement includes:

(a) in relation to a managed investment product to which Division 2 of Part 7.9 of the Act does not yet apply - a disclosure document for the product; and

(b) in relation to a derivative to which Division 2 of Part 7.9 of the Act does not yet apply - information mentioned in section 1210 of the old Corporations Act; and

(c) in relation to a superannuation product to which Division 2 of Part 7.9 of the Act does not yet apply - information mentioned in section 153 or 159 of the SIS Act, as in force immediately before the FSR commencement; and

(d) in relation to an RSA product to which Division 2 of Part 7.9 of the Act does not yet apply - information mentioned in section 56 of the RSA Act, as in force immediately before the FSR commencement.

10.2.202(2)   [ Application]  

For section 1444 of the Act, subsection 949A(2) of the Act applies in relation to a financial product:

(a) to which Division 2 of Part 7.9 of the Act does not apply; and

(b) that is not mentioned in subregulation (1);

as if paragraph 949A(2)(c) were omitted.