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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.1 - PRELIMINARY    View history reference

Division 3 - What is a financial product?    View history reference

Subdivision A - Preliminary    View history reference

SECTION 762A  OVERVIEW OF APPROACH TO DEFINING WHAT A FINANCIAL PRODUCT IS  

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762A(1)  General definition.  


Subdivision B sets out a general definition of financial product. Subject to subsections (2) and (3), a facility is a financial product if it falls within that definition.

762A(2)  Specific inclusions.  


Subdivision C identifies, or provides for the identification of, kinds of facilities that, subject to subsection (3), are financial products (whether or not they are within the general definition).

762A(3)  Overriding exclusions.  


Subdivision D identifies, or provides for the identification of, kinds of facilities that are not financial products. These facilities are not financial products:


(a) even if they are within the general definition; and


(b) even if they are within a class of facilities identified as mentioned in subsection (2).


 



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