(1) This regulation applies to a facility that consists of the rights of the holder of a debenture against a trustee under a trust deed entered into under:
(a) section 283AA of the Act; or
(b) Chapter 2L or Division 4 of Part 7.12 of the old Corporations Law.
(2) For paragraph 765A(1)(y) of the Act, the facility is not a financial product.