s 2A

Territorial application of Act

In force

(1)

For subsection 4(2) of the Act, the Act applies in each external Territory in accordance with this regulation.

(2)

For the Territory of Christmas Island and the Territory of Cocos (Keeling) Islands:

(a)

Division 2 of Part 2 of the Act applies in relation to:

(i)

a financial product; and

(ii)

a financial service; and

(b)

the remainder of the Act applies in relation to:

(i)

a superannuation product; and

(ii)

an RSA; and

(iii)

a financial service that relates to a superannuation product; and

(iv)

a financial service that relates to an RSA.

(3)

For an external Territory other than the Territory of Christmas Island and the Territory of Cocos (Keeling) Islands, the Act applies in relation to:

(a)

a superannuation product; and

(b)

an RSA; and

(c)

a financial service that relates to a superannuation product; and

(d)

a financial service that relates to an RSA.

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