Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 10.2.87

                For section 1444 of the Act, paragraph 1017G (2) (b) of the Act does not apply in relation to a particular activity of, or a particular financial product offered by, an issuer or a regulated person at any time within 2 years after the FSR commencement unless, at that time:

                (a)    there is an external dispute resolution scheme in existence that satisfies subparagraphs 1017G (2) (b) (i) and (ii) of the Act; and

              (aa)    the external dispute resolution scheme applies to that activity or financial product; and

               (b)    the external dispute resolution scheme has been in existence for a period of at least 3 months.