Application of product intervention orders
(1) A product intervention order does not apply to a financial product held by a person if the person acquired, or entered into a contract for the acquisition of, the product before the order comes into force. (2) A product intervention order does not apply to a person: (a) in the person’s capacity as a retail client; or (b) who is in a class of persons specified in regulations made for the purposes of this paragraph. (3) The regulations may provide that this Part does not apply to a financial product specified in the regulations. Note: In a prosecution for an offence, the defendant bears an evidential burden in relation to the matters in this section (see subsection 13.3(3) of the Criminal Code).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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