Section 1019A — Corporations Act 2001: Situations in which this Division applies

(1) Subject to subsection (2), this Division applies if: (a) a financial product of one of the following classes is provided in this jurisdiction to a person as a retail client after the commencement of this Chapter: (i) risk insurance products; (ii) investment life insurance products; (iii) managed investment products; (iiia) foreign passport fund products; (iv) superannuation products; (v) RSAs; and (b) the product is provided to the person: (i) by way of issue; or (ii) by way of sale pursuant to an offer to which section 1012C applies. (2) The regulations may do any or all of the following: (a) provide that a specified subclass of financial products that would otherwise be covered by a subparagraph of paragraph (1)(a) are excluded from that subparagraph; (b) provide additional requirements to be satisfied before this Division applies in relation to a class or subclass of financial products; (c) provide that this Division does not apply in relation to the provision of a financial product in specified circumstances. (3) In this Division: (a) the person referred to in paragraph (1)(a) is the client; and (b) the person who issues or sells the product to the client is the responsible person.