Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 15 - Other provisions relating to conduct etc  

REGULATION 10.2.52A   OFFERS THAT DO NOT NEED DISCLOSURE  

10.2.52A(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to an offer of a financial product if:

(a) the financial product is described in subsection 1012E(1) of the Act; and

(b) the financial product was offered before Division 2 of Part 7.9 of the Act applied to the product; and

(c) a disclosure document was not required under Chapter 6D of the old Corporations Act, in the course of the offer of the financial product; and

(d) the disclosure document was not required in accordance with a provision of section 708 of the old Corporations Act (other than subsection 708(1)).

10.2.52A(2)   [ Deemed compliance]  

The offer is taken to comply with the condition set out in paragraph 1012E(9)(c) of the Act.