Corporations Regulations 2001
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.
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