Corporations Act 2001
CHAPTER 10
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TRANSITIONAL PROVISIONS
PART 10.78
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PROVISIONS RELATING TO SCHEDULE 1 TO THE TREASURY LAWS AMENDMENT (DELIVERING BETTER FINANCIAL OUTCOMES AND OTHER MEASURES) ACT 2024
Division 2
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Conflicted remuneration
SECTION 1708D
BENEFITS FOR EMPLOYEES OF ADIs
1708D(1)
The repeal of section 963D by item 91 of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 applies to a benefit given to a financial services licensee, or a representative of a financial services licensee, under an arrangement if: (a) the arrangement was entered into on or after the day (the deferred start day ) that is 6 months after the commencement of that Part; or (b) all of the following apply:
1708D(2)
The repeal of that section also applies to a benefit if: (a) the benefit is given to a financial services licensee, or a representative of a financial services licensee, otherwise than under an arrangement; and (b) the benefit is given on or after the deferred start day.
View history note
Hide history noteThe repeal of section 963D by item 91 of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 applies to a benefit given to a financial services licensee, or a representative of a financial services licensee, under an arrangement if: (a) the arrangement was entered into on or after the day (the deferred start day ) that is 6 months after the commencement of that Part; or (b) all of the following apply:
(i) the arrangement was varied on or after the deferred start day;
(ii) the variation related to the giving of benefits under the arrangement;
(iii) the benefit is given on or after the deferred start day.
1708D(2)
The repeal of that section also applies to a benefit if: (a) the benefit is given to a financial services licensee, or a representative of a financial services licensee, otherwise than under an arrangement; and (b) the benefit is given on or after the deferred start day.