Superannuation Industry (Supervision) Amendment Regulations 2002 (No. 1) (21 of 2002)

Schedule 1   Amendments

[30]   Subregulation 3.10 (3)

substitute

(3) The trustee of a public offer entity must not make a payment of commission or brokerage to a person (the provider ) for the provision of a financial service by the provider in respect of issuing an interest in the entity unless the provider is:

(a) a financial services licensee that is authorised to deal in superannuation products; or

(b) an authorised representative of a financial services licensee that is authorised to deal in superannuation products; or

(c) exempt from the requirement to hold an Australian financial services licence; or

(d) the provider of the financial service on behalf of another person who is exempt.