“7A Temporary exemption for superannuation schemes

• “(1) An advertisement, registered prospectus, or investment statement in respect of an interest in a superannuation scheme does not give rise to a contravention of this Act or regulations made under this Act, and is not false or misleading in a material particular, by reason only of failing to refer, or give proper emphasis, to the effect of Part CL of the Income Tax Act 1994 on withdrawals from the superannuation scheme if—

  • “(a) the advertisement or investment statement was printed, or the registered prospectus was registered, on or before 14 September 2000; and

  • “(b) the subscriber received a written explanation of the effect of Part CL of the Income Tax Act 1994 on withdrawals from the superannuation scheme before the allotment of the interest.

  “(2) This section expires on 14 September 2001.

  “(3) This section applies on and after 14 September 2000.”