Corporations Act 2001
For the purposes of this Chapter, a financial product is a facility through which, or through the acquisition of which, a person does one or more of the following:
(a) makes a financial investment (see section 763B );
(b) manages financial risk (see section 763C );
(c) makes non-cash payments (see section 763D ).
This has effect subject to section 763E .
763A(2) [ ``financial product'']For the purposes of this Chapter, a particular facility that is of a kind through which people commonly make financial investments, manage financial risks or make non-cash payments is a financial product even if that facility is acquired by a particular person for some other purpose.
763A(3) [ Financial product acquired by another]A facility does not cease to be a financial product merely because:
(a) the facility has been acquired by a person other than the person to whom it was originally issued; and
(b) that person, in acquiring the product, was not making a financial investment or managing a financial risk.
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