Corporations Regulations 2001

For section 1444 of the Act, this regulation applies in relation to:

a financial product; or

a class of financial products that includes the financial product;

At any time in the period of 3 months ending immediately before the date specified in the notice in accordance with paragraph 1438(3)(b) of the Act, the issuer of the financial product may decide to comply with Division 4 of Part 7.9 of the Act in relation to the financial product.

If the product issuer makes the decision mentioned in subregulation (2):

Division 4 of Part 7.9 of the Act applies in relation to the financial product until the date specified in the notice; and

section 734 of the old Corporations Act does not apply in relation to the financial product.

Under subsection 1438(5) of the Act, it is possible for the date specified in accordance with paragraph 1438(3)(b) of the Act to be changed.

If the notice is lodged with ASIC less than 3 months before the date specified in the notice in accordance with paragraph 1438(3)(b) of the Act, subregulation (2) applies only during the period:

starting when the notice is lodged; and

ending immediately before the date specified in the notice.