Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
Note: Regulations 7.7A.01 to 7.7A.04 are reserved for future use.
A monetary benefit is not conflicted remuneration to the extent that:
(a) the benefit is given to a financial services licensee or a representative of the licensee; and
(b) the benefit is paid as part of:
(i) the purchase or sale of all or part of the licensee ' s financial advice business; or
(ii) the purchase or sale of all or part of the representative ' s financial advice business; and
(c) the price is calculated using a formula:
(i) which is based, in whole or in part, on the number or value of all or part of the financial products held by the licensee ' s clients or the representative ' s clients; and
(ii) in which the weighting attributed to the financial products issued by the licensee or a related body corporate or other person is the same as the weighting attributed to other similar financial products.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.