Corporations Legislation Amendment (Simpler Regulatory System) Act 2007 (101 of 2007)
Schedule 1 Amendments
Part 1 Amendments commencing on Royal Assent
Corporations Act 2001
106 After paragraph 911A(2)(ec)
Insert:
(ed) both of the following apply:
(i) the service is the provision of general advice by the person in connection with an offer of financial products under an eligible employee share scheme;
(ii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;
(ee) all of the following apply:
(i) the service is dealing in a financial product by the person in connection with an offer of the financial product under an eligible employee share scheme;
(ii) the scheme requires that any purchase or disposal of the financial product under the scheme occurs through a person who holds an Australian financial services licence to deal in financial products, or a person outside this jurisdiction who is licensed or otherwise authorised to deal in financial products in that jurisdiction;
(iii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;
(ef) both of the following apply:
(i) the service is, or is provided incidentally to, a custodial or depository service that is provided by the person in connection with an eligible employee share scheme;
(ii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;
(eg) both of the following apply:
(i) the service is dealing in an interest in a contribution plan operated by the person in relation to an eligible employee share scheme;
(ii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;