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).


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.