Corporations Amendment (Revising Future of Financial Advice) Regulation 2014 (208 of 2014)

Schedule 1   Amendments

Corporations Regulations 2001

11   Subregulation 7.7A.16(2)

Repeal the subregulation, substitute:

(2) The circumstance is that:

(a) the benefit is given by a platform operator; and

(b) either:

(i) the benefit is given under an arrangement that was entered into before the application day, within the meaning of subsection 1528(4) of the Act; or

(ii) the benefit would have been given as mentioned in subparagraph (i) had it not been redirected under one or more later arrangements.