Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (67 of 2024)

Schedule 1   Delivering better financial outcomes - reducing red tape

Part 4   Conflicted remuneration

Corporations Act 2001

85   After paragraph 963B(1)(ba)

Insert:

(bb) each of the following is satisfied in relation to the benefit:

(i) the benefit is given to the licensee or representative by a trustee or trustees of a regulated superannuation fund;

(ii) the benefit is given in relation to financial product advice that is personal advice, which is provided by the licensee or representative to a retail client, about the client's interest in the fund;

(iii) the benefit is charged against the client's interest in the fund, or against the interests of the client and other members of the fund;