Transitional arrangements for regulations 7.9.15D, 7.9.15E and 7.9.15F
7.9.15FA Transitional arrangements for regulations 7.9.15D, 7.9.15E and 7.9.15F
If, at any time during the transition period, a Product Disclosure Statement for a general insurance product complies with the requirements of old sections 1013C and 1013D, the Product Disclosure Statement is taken to comply with the requirements of:
sections 1013C and 1013D of the Act; and
the provisions of any regulations made for the purposes of, or modifying, sections 1013C and 1013D of the Act;
as in force at that time.
In this regulation:
commencing day means the day on which this regulation commences.
old sections 1013C and 1013D means:
sections 1013C and 1013D of the Act; and
the provisions of any regulations made for the purposes of, or modifying, those sections;
as in force immediately before the commencing day.
transition period means the period starting on the commencing day and ending at the end of 30 June 2008.
Before the commencement of this regulation, transitional arrangements in similar terms were provided for regulations 7.9.15D, 7.9.15E and 7.9.15F by item 2 of Schedule 5 to the Corporations Amendment Regulations 2005 (No. 5) (SLI 2005 No. 324).
This Act’s bill:Explanatory statement
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