Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

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Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

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History

Ch 7 amended by No 8 of 2022, s 3, Sch 2[165] (effective 1 July 2022).

Ch 7 inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.

PART 7.1 - PRELIMINARY  

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Division 1 - Object of Chapter and outline of Chapter  

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SECTION 760A  

760A   OBJECT OF CHAPTER  

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The main object of this Chapter is to promote:

(a)    confident and informed decision making by consumers of financial products and services while facilitating efficiency, flexibility and innovation in the provision of those products and services; and

(aa)    

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the provision of suitable financial products to consumers of financial products; and

(b)    fairness, honesty and professionalism by those who provide financial services; and

(c)    fair, orderly and transparent markets for financial products; and

(d)    the reduction of systemic risk and the provision of fair and effective services by clearing and settlement facilities.

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History

S 760A amended by No 50 of 2019, s 3, Sch 1[1] (effective 5 April 2021).

S 760A inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

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