Corporations Regulations 2001
CHAPTER 7
-
FINANCIAL SERVICES AND MARKETS
PART 7.1
-
PRELIMINARY
Division 4
-
Dealings in financial products
REGULATION 7.1.35C
7.1.35C
CONDUCT THAT DOES NOT CONSTITUTE DEALING IN A FINANCIAL PRODUCT
-
CARBON UNITS, AUSTRALIAN CARBON CREDIT UNITS OR ELIGIBLE INTERNATIONAL EMISSIONS UNITS
For subsection 766C(7) of the Act, a financial service provided by a person is taken not to be dealing in a financial product if:
(a) the financial product is a carbon unit, an Australian carbon credit unit or an eligible international emissions unit; and
(b) the financial service consists of dealing in the carbon unit, Australian carbon credit unit or eligible international emissions unit on behalf of:
(c) the related body corporate or associated entity is an entity that is a liable entity entered in the information database under section 183 of the Clean Energy Act 2011 .
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For subsection 766C(7) of the Act, a financial service provided by a person is taken not to be dealing in a financial product if:
(a) the financial product is a carbon unit, an Australian carbon credit unit or an eligible international emissions unit; and
(b) the financial service consists of dealing in the carbon unit, Australian carbon credit unit or eligible international emissions unit on behalf of:
(i) a related body corporate of the person; or
(ii) an associated entity of the person; and
(c) the related body corporate or associated entity is an entity that is a liable entity entered in the information database under section 183 of the Clean Energy Act 2011 .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.