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.