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

[69]   Subregulation 7.9.01 (1), definition of switching charge

substitute

switching charge means a charge that:

(a) is made against:

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

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

(b) is made for the transfer of all or part of the product holder's benefits in the fund or financial product (as appropriate) from one investment strategy to another.