Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 37 - Hawking of managed investment products  

REGULATION 10.2.198   HAWKING FINANCIAL PRODUCT - OTHER ARRANGEMENTS  

10.2.198(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to a financial product.

10.2.198(2)   [ If Pt 7.9 Div 2 does not apply]  

If Division 2 of Part 7.9 of the Act does not apply to the financial product, a reference in section 992A of the Act to a Product Disclosure Statement in relation to the financial product includes:

(a) in relation to a derivative - information mentioned in section 1210 of the old Corporations Act; and

(b) in relation to a superannuation product - information mentioned in section 153 or 159 of the SIS Act, as in force immediately before the FSR commencement; and

(c) in relation to an RSA product - information mentioned in section 56 of the RSA Act, as in force immediately before the FSR commencement; and

(d) in relation to a managed investment product - a disclosure document for the product.

10.2.198(3)   [ If Pt 7.9 Div 2 does not apply]  

If Division 2 of Part 7.9 of the Act does not apply to the financial product, subsection 992A(3) of the Act applies in relation to a financial product that is not mentioned in subregulation (2) as if paragraphs 992A(3)(c), (d) and (e) were omitted.