Corporations Amendment Regulations 2002 (No. 2) (16 of 2002)

Schedule 1   Amendments commencing at 12.01 am (in the Australian Capital Territory) on 11 March 2002

[65]   Subregulation 7.9.01 (1), definition of exit charge

substitute

exit charge means a charge that:

(a) is made against:

(i) a product holder's benefits in a fund or financial product; or

(ii) a product holder or another person on the product holder's behalf; and

(b) is only made when a payment is:

(i) made in respect of a product holder; or

(ii) transferred.