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.