Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

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.