s 12.7.06
In forceCertain provisions of the Friendly Societies Code cease to apply to FSR licensee
Chapter 12Financial sector reform
Part 12.7Other disclosure
Division 2Continued application of certain provisions
12.7.06 Certain provisions of the Friendly Societies Code cease to apply to FSR licensee
(1)
For clause 39 of Schedule 4 to the Act the provisions of subclause 36(1) of Schedule 4 cease to apply to a body to which the Schedule applies on the earlier of:
(a)
2 years after the FSR commencement; and
(b)
if the body gives notice under paragraph 1438(3)(b) of the Act that the body wants the new product disclosure provisions to apply in relation to specified products from a certain date—that date.
(2)
Subregulation (1) takes effect from the date specified in the notice as the date from which the new product disclosure provisions will apply.
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