Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.37 - APPLICATION PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (FINANCIAL SERVICES IMPROVED CONSUMER PROTECTION) (FUNERAL EXPENSES FACILITIES) REGULATIONS 2019  

REGULATION 10.37.01  

10.37.01   APPLICATION OF AMENDMENT RELATING TO FUNERAL EXPENSES POLICIES  

Despite the repeal of regulation 7.1.07D by item 2 of Schedule 1 to the Treasury Laws Amendment (Financial Services Improved Consumer Protection) (Funeral Expenses Facilities) Regulations 2019 , that regulation, as in force immediately before 1 April 2020, continues to apply on and after that day in relation to a funeral expenses policy (as defined in subregulation 7.1.07D(2) ) if:

(a) for a funeral expenses policy entered into with a person who is a financial services licensee immediately before 1 April 2020 - the funeral expenses policy is entered into before 1 January 2021; or

(b) for any other case - the funeral expenses policy is entered into before 1 April 2020.

Note: Regulation 7.1.07D (as in force before its repeal) provided that a funeral expenses policy is not a financial product.