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

[99]   After regulation 10.2.50

insert

10.2.50A Treatment of arrangements under which a person can instruct another person to acquire a financial product

(1) For section 1444 of the Act, this regulation applies in relation to a custodial arrangement (within the meaning of section 1012IA of the Act) in which the client is the holder of a superannuation product issued to the client by the provider.

(2) Section 1012IA of the Act does not apply to a regulated acquisition (within the meaning of that section) that occurs under the custodial arrangement.

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