Corporations Regulations (SImpler Regulatory System)

The Corporations Amendment Regulations 2007 (No. 12) amend the Corporations Regulations 2001 to support the provisions in the Corporations Legislation Amendment (Simpler Regulatory System) Act 2007.

The Regulations are in 3 parts which commence as follows:
(a) on 28 September 2007 — regulations 1 to 3 and Schedule 1 which give FSR Relief for Financial Services Guides, Product Disclosure Statements and Statements of Advice;
(b) on the commencement of items 218 and 219 of Part 3 of Schedule 1 to the Act (but no later than 28 December 2007) — Schedule 2 which deals with liability of insurance licensees for authorised representatives and gives relief from providing FSG's at public events;
(c) on 1 July 2008 — Schedule 3 which deals with requirements when a change is made to fees and charges.