CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Division 5 - Other banned remuneration  

Subdivision B - Asset-based fees on borrowed amounts  

SECTION 964G   MEANING OF BORROWED  

964G(1)  
In this Subdivision:

borrowed
means borrowed in any form, whether secured or unsecured, including through:


(a) a credit facility within the meaning of the regulations; and


(b) a margin lending facility.

964G(2)  
To avoid doubt, an amount is no longer borrowed to the extent that it has been repaid.


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