Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021 (F2021L01080)

Schedule 1   Amendments

Corporations Regulations 2001

6   In the appropriate position in Chapter 10

Insert:

Part 10.39 - Application provisions for the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021

10.39.01 Right of return and refund for hawked financial products

(1) Regulations 7.8.23 and 7.8.25, as in force immediately before the commencement of Schedule 1 to the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021, continue in force after that commencement as if they had been made for the purposes of paragraph 992AA(2)(c) of the Act.

(2) Regulation 7.8.24, as in force immediately before the commencement of Schedule 1 to the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021, continues in force after that commencement as if it had been made for the purposes of paragraph 992AA(3)(a) of the Act.