7.1.07E

Specific things that are not financial products: rights of the holder of a debenture

Current

(1)

This regulation applies to a facility that consists of the rights of the holder of a debenture against a trustee under a trust deed entered into under:

(a)

section 283AA of the Act; or

(b)

Chapter 2L or Division 4 of Part 7.12 of the old Corporations Law.

(2)

For paragraph 765A(1)(y) of the Act, the facility is not a financial product.

This Act’s bill:Explanatory statement

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