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CORPORATIONS REGULATIONS 2001 - REG 7.8.24 Right of return not to apply

CORPORATIONS REGULATIONS 2001 - REG 7.8.24

Right of return not to apply

    For the purposes of paragraph   992AA(3)(a) of the Act, the following classes of financial products are excluded from section   992AA of the Act:

  (a)   a financial product offered or issued under a distribution reinvestment plan or switching facility;

  (b)   a financial product the acquisition of which is an additional contribution required by an existing agreement or contract;

  (c)   a financial product issued as consideration for an offer made under a takeover bid under Chapter   6 of the Act;

  (d)   an interim contract of insurance within the meaning of subsection   11(2) of the Insurance Contracts Act 1984 ;

  (e)   a superannuation product that is issued in relation to:

  (i)   a non - public offer superannuation entity; or

  (ii)   a public offer superannuation entity mentioned in paragraph   7.6.01(1)(b), (c) or (d);

  (f)   a risk insurance product that is:

  (i)   of less than 12 months duration; and

  (ii)   a renewal of an existing product on the terms and conditions to which the product is currently subject.

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