Corporations Amendment (Asia Region Funds Passport) Regulations 2018 (F2018L01144)

Schedule 1   Amendments to the Corporations Regulations 2001

Corporations Regulations 2001

120   Item 3.1 of Schedule 10BA (subsection 1017H(4) of the Corporations Act 2001)

Repeal the subsection, substitute:

Short-Form PDS not to be given for certain products

(4) Subsection (1) does not apply in relation to the following:

(a) a general insurance product;

(b) a managed investment product in relation to an Australian passport fund;

(c) a foreign passport fund product.

(5) To avoid doubt, nothing in Division 5AB of Part 7.9 of the regulations or in Part 3 of Schedule 10BA to the regulations permits a regulated person to give a Short-Form PDS or a Supplementary Short-Form PDS in relation to a financial product mentioned in subsection (4).