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CORPORATIONS AMENDMENT REGULATIONS 2008 (NO. 5) (SLI NO 194 OF 2008)

- Registered on FRLII: 19 September 2008
- Department:Treasury
- Description:These Regulations amend the Corporations Regulations 2001 to further clarify the provisions relating to the form and content of the First Home Saver Account (FHSA) product disclosure statement (PDS). They also provide that the right to return a FHSA product during the cooling-off period and certain other defined situations is restricted to reflect the payment restrictions applying to FHSAs. Other amendments facilitate the transfer of funds from an inactive FHSA to a default superannuation fund, and clarify the circumstances under which the FHSA PDS must be the first document given or sent to a client.

TABLE OF PROVISIONS

   1.      Name of Regulations  
   2.      Commencement  
   3.      Amendment of Corporations Regulations 2001  
           SCHEDULE 1 Amendments

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