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.]
This regulation applies in relation to a financial product that would be a credit facility in accordance with regulation 7.1.06 if subparagraphs 7.1.06(1)(a)(iv) , (v), (va) and (vi), and 7.1.06(1)(f)(ii) , (iii), (iiia) and (iv) did not apply.
7.1.06A(2)
For paragraph 761E(7)(a) of the Act, and in relation to the financial product: (a) the credit provider is not taken to be the issuer of the financial product; and (b) the debtor is taken to be the issuer of the financial product.
7.1.06A(3)
For paragraph 766A(2)(b) of the Act, and in relation to the financial product: (a) the provision of financial product advice to the debtor, or the debtor ' s representative, is taken not to be the provision of a financial service; and (b) a dealing in the credit facility by the credit provider, or the credit provider ' s representative, is taken not to be the provision of a financial service.
7.1.06A(4)
In this regulation:
credit, credit provider
and
debtor
have the same meanings as in subregulation
7.1.06(3)
.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.