Corporations Act 2001
[ CCH Note: Ch 7 will be amended by No 8 of 2022, s 3, Sch 2, by inserting the note, (effective 1 July 2022). The note will read:
(a) makes a financial investment (see section 763B );
(b) manages financial risk (see section 763C );
(c) makes non-cash payments (see section 763D ).
This has effect subject to section 763E .763A(2) [ ``financial product'']
For the purposes of this Chapter, a particular facility that is of a kind through which people commonly make financial investments, manage financial risks or make non-cash payments is a financial product even if that facility is acquired by a particular person for some other purpose.763A(3) [ Financial product acquired by another]
(a) the facility has been acquired by a person other than the person to whom it was originally issued; and
(b) that person, in acquiring the product, was not making a financial investment or managing a financial risk.