Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 2   ALRC Financial Services Interim Report: single glossary of defined terms

Part 1   Amendments

Division 9   Terms relating to financial services and markets

Corporations Act 2001

213   Section 9

Insert:

clearing requirements , in relation to derivative transactions, has the meaning given by subsection 901A(7).

client money reporting rules has the meaning given by section 981J.

Code of Ethics means the Code of Ethics in force under section 921E.

compensation arrangements has the meaning given by section 880B.

compensation rules has the meaning given by section 880B.

complaint , in Part 7.8A (design and distribution requirements), has the meaning given by subsection 994A(2).

concurrent wrongdoer , in Division 2A (proportionate liability for misleading and deceptive conduct) of Part 7.10, has the meaning given by subsection 1041L(3).

conflicted remuneration has the meaning given by section 963A, as affected by sections 963AA, 963B, 963C and 963D.

consumer credit insurance has the same meaning as in the Insurance Contracts Act 1984.

contract of insurance , in Division 4 (special provisions relating to insurance) of Part 7.8, has a meaning affected by subsection 985A(1).

core obligation has the meaning given by subsection 912D(3).

CPD provision (short for continuing professional development provision) means:

(a) subsection 921BA(4); or

(b) subsection 921BB(3).

CPD year (short for continuing professional development year) has the meaning given by section 910A.

crowd-funding service that a person provides has the meaning given by section 766F.

CS facility licensee means a person who holds an Australian CS facility licence.

current LVR :

(a) of a standard margin lending facility - has the meaning given by subsection 761EA(3); and

(b) of a non-standard margin lending facility - has the meaning given by subsection 761EA(6).

custodial arrangement , in Subdivision A (volume-based shelf-space fees) of Division 5 of Part 7.7A, has the meaning given by subsection 964(2).

Note: Subsection 964(2) incorporates a modified version of the definition of custodial arrangement in section 1012IA.

custodian , in relation to a registrable superannuation entity, has the same meaning as in the Superannuation Industry (Supervision) Act 1993.