Corporations Regulations 2001
View history note
Hide history noteThe repeal of regulation 7.7A.12H by Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 applies to a benefit given to a provider, under an arrangement, if: (a) the arrangement was entered into on or after the day (the deferred start day ) that is 6 months after the commencement of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 ; or (b) all of the following apply:
(i) the arrangement was varied on or after the deferred start day;
(ii) the variation related to the giving of benefits under the arrangement;
(iii) the benefit is given on or after the deferred start day.
10.52.04(2)
The repeal of that regulation also applies to a benefit given to a provider, otherwise than under an arrangement, on or after the deferred start day.
[
CCH Note 1:
Reg 10.52.05 will be inserted by FRLI No F2024L01152, Sch 1[76] (effective 9 July 2025). Reg 10.52.05 will read:
REGULATION 10.52.05 APPLICATION
-
INFORMED CONSENT FOR BENEFITS GIVEN IN RELATION TO GENERAL INSURANCE PRODUCTS
10.52.05(1)
The amendments of regulation
7.7A.12G
made by Part 5 of Schedule 1 to the
Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024
apply to benefits given on or after the commencement of Part 5 of Schedule 1 to the
Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024
in relation to the issue or sale of general insurance products on or after that commencement.
10.52.05(2)
However, those amendments do not apply to benefits given in connection with the issue or sale of a general insurance product if:
(a)
the product is a renewal of another general insurance product; and
(b)
that other general insurance product was issued or sold before the commencement of that Part.]
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