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.
This Subdivision applies to: (a) a person that is required to prepare a Product Disclosure Statement for a simple sub-fund product; and (b) a Product Disclosure Statement for a simple sub-fund product.
7.9.11ZA(2)
This Subdivision does not apply to the extent that the simple sub-fund product is a financial product (known as a " quoted product " ) that is, or is intended to be, traded on a prescribed financial market.
7.9.11ZA(3)
This Subdivision does not apply to the extent that the simple sub-fund product relates to a financial product (known as a " stapled security " ) to which the following requirements apply: (a) the product consists of interests in 2 or more financial products; (b) the interests include at least one security in a CCIV; (c) under the terms on which each of the interests is to be traded, the interests must be transferred together; (d) there are no financial products in the same class as the interests that may be transferred separately.
7.9.11ZA(4)
This Subdivision does not apply to the extent that the simple sub-fund product is a security in a CCIV (referable to a sub-fund of the CCIV) and the CCIV has a constitution that provides: (a) that a member of the sub-fund may direct that an amount of money corresponding to part or all of the amount invested by the member in the sub-fund be invested in accessible investments; and (b) that any distributions to members of the sub-fund will be determined by reference to amounts received by the CCIV in relation to the accessible investments acquired in accordance with the direction.
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