Corporations Regulations 2001
CHAPTER 10
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REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS
PART 10.52
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APPLICATION PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (DELIVERING BETTER FINANCIAL OUTCOMES) REGULATIONS 2024
REGULATION 10.52.05
APPLICATION
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INFORMED CONSENT FOR BENEFITS GIVEN IN RELATION TO GENERAL INSURANCE PRODUCTS
10.52.05(1)
The amendments of regulation 7.7A.12G made by Part 5 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 apply to benefits given on or after the commencement of Part 5 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 in relation to the issue or sale of general insurance products on or after that commencement.
10.52.05(2)
However, those amendments do not apply to benefits given in connection with the issue or sale of a general insurance product if: (a) the product is a renewal of another general insurance product; and (b) that other general insurance product was issued or sold before the commencement of that Part.
View history note
Hide history noteThe amendments of regulation 7.7A.12G made by Part 5 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 apply to benefits given on or after the commencement of Part 5 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 in relation to the issue or sale of general insurance products on or after that commencement.
10.52.05(2)
However, those amendments do not apply to benefits given in connection with the issue or sale of a general insurance product if: (a) the product is a renewal of another general insurance product; and (b) that other general insurance product was issued or sold before the commencement of that Part.
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