Federal Register of Legislation - Australian Government

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SLI 2010 No. 87 Regulations as made
These Regulations amend the Australian Securities and Investments Commission Regulations 2001 to support the national regulation of margin loans which was implemented by Schedule 1 of the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009. The Regulations provide that the Australian Securities and Investments Commission Act 2001 provisions relating to misleading, deceptive and unconscionable conduct apply to margin loans.
Administered by: Treasury
Made 06 May 2010
Registered 10 May 2010
Tabled HR 12 May 2010
Tabled Senate 12 May 2010
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Australian Securities and Investments Commission Amendment Regulations 2010 (No. 2)1

Select Legislative Instrument 2010 No. 87

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Australian Securities and Investments Commission Act 2001.

Dated 6 May 2010

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

CHRIS BOWEN


1              Name of Regulations

                These Regulations are the Australian Securities and Investments Commission Amendment Regulations 2010 (No. 2).

2              Commencement

                These Regulations commence on 1 January 2011.

3              Amendment of Australian Securities and Investments Commission Regulations 2001

                Schedule 1 amends the Australian Securities and Investments Commission Regulations 2001.


Schedule 1        Amendment

(regulation 3)

 

[1]           After regulation 2B

insert

2BA        Declared financial product

                For paragraph 12BAA (7) (m) of the Act, a margin lending facility (within the meaning given by section 761EA of the Corporations Act) is declared to be a financial product for the purposes of subsection 12BAA (7) of the Act.


Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.