Corporations Amendment Regulations 2002 (No. 2) (16 of 2002)

Schedule 1   Amendments commencing at 12.01 am (in the Australian Capital Territory) on 11 March 2002

[168]   After regulation 10.2.52

insert

10.2.52A Offers that do not need disclosure

(1) For section 1444 of the Act, this regulation applies in relation to a financial product if:

(a) the financial product is described in subsection 1012E (1) of the Act; and

(b) the financial product was offered before Division 2 of Part 7.9 of the Act applied to the product; and

(c) a disclosure document was not required under Chapter 6D of the old Corporations Act, in the course of the offer of the financial product; and

(d) the disclosure document was not required in accordance with a provision of section 708 of the old Corporations Act (other than subsection 708 (1)).

(2) A reference in paragraph 1012E (9) (c) of the Act to an offer to supply a financial product includes the offer mentioned in paragraph (1) (b).