Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.1 - PRELIMINARY  

Division 3 - Meaning of financial product and related terms  

Subdivision A - Preliminary  

SECTION 762A   OVERVIEW OF APPROACH TO DEFINING WHAT A FINANCIAL PRODUCT IS  

762A(1)   General definition.  

Subdivision B sets out a general definition of financial product . Subject to subsections (2) and (3), a facility is a financial product if it falls within that definition.

762A(2)   Specific inclusions.  

Subdivision C identifies, or provides for the identification of, kinds of facilities that, subject to subsection (3), are financial products (whether or not they are within the general definition).

762A(3)   Overriding exclusions.  

Subdivision D identifies, or provides for the identification of, kinds of facilities that are not financial products. These facilities are not financial products:

(a) even if they are within the general definition; and

(b) even if they are within a class of facilities identified as mentioned in subsection (2).