Corporations Amendment Regulations 2002 (No. 3) (41 of 2002)

Schedule 1   Amendments commencing at 12.02 am (in the Australian Capital Territory) on 11 March 2002

[97]   After regulation 10.2.44

insert

10.2.44A Obligation to cite licence number in documents

(1) For section 1444 of the Act, this regulation applies if:

(a) a person who has not been granted a financial services licence prepares copies of a Product Disclosure Statement; and

(b) the copies of the Product Disclosure Statement do not include a licence number for the person; and

(c) the person is granted a financial services licence after preparing the copies of the Product Disclosure Statement.

(2) Section 912F of the Act does not apply to the financial services licensee in relation to the copies of the Product Disclosure Statement.

(3) Subregulation (2) ceases to apply at the end of 2 years after the FSR commencement.