CORPORATIONS ACT 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.2 - TRANSITIONAL PROVISIONS RELATING TO THE FINANCIAL SERVICES REFORM ACT 2001  

Division 1 - Transitional provisions relating to the phasing-in of the new financial services regime  

Subdivision E - Product disclosure requirements  

SECTION 1440   1440   CONTINUED APPLICATION OF CERTAIN PROVISIONS OF OLD DISCLOSURE REGIMES DURING TRANSITION PERIOD  


During the transition period (if any) for a financial product, the following provisions continue to apply, despite their repeal or amendment, to and in relation to the financial product:


(a) if the product is a managed investment product - all the provisions of Chapter 6D of the old Corporations Act, other than section 722 of that Act, and any associated provisions;


(b) if the product is a derivative - section 1210 of the old Corporations Act, and any associated provisions;


(c) if the product is a superannuation product - the following provisions, and any associated provisions:


(i) section 153, and all the provisions of Divisions 3 and 4 of Part 19, of the Superannuation Industry (Supervision) Act 1993 as in force immediately before the FSR commencement;

(ii) the section 153A of that Act that was provided for in Modification Declaration no. 15 as in force immediately before the FSR commencement, being a declaration of modification made under section 332 of that Act;


(d) if the product is an RSA product - section 51, and all the provisions of Divisions 4 and 5 of Part 5, of the Retirement Savings Accounts Act 1997 as in force immediately before the FSR commencement, and any associated provisions;


(e) if the product is an insurance product - sections 71A and 73 of the Insurance Contracts Act 1984 as in force immediately before the FSR commencement, and any associated provisions.


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