Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Note: Regulations 7.7A.01 to 7.7A.04 are reserved for future use.

Division 4 - Conflicted remuneration  

Subdivision 4 - Other monetary and non-monetary benefits that are not conflicted remuneration  

REGULATION 7.7A.15A   NON-MONETARY BENEFIT GIVEN IN CERTAIN CIRCUMSTANCES NOT CONFLICTED REMUNERATION - EDUCATION AND TRAINING IN CONDUCTING A FINANCIAL SERVICES BUSINESS  

7.7A.15A(1)    
This regulation:

(a)    

is made for paragraph 963C(1)(f) of the Act; and

(b)    prescribes the circumstances in which a non-monetary benefit given to a financial services licensee, or representative of a financial services licensee, who provides financial product advice to persons as retail clients is not conflicted remuneration.

7.7A.15A(2)    
The benefit is not conflicted remuneration if the benefit:

(a)    has a genuine education or training purpose; and

(b)    is relevant to the carrying on of a financial services business; and

(c)    

complies with regulations made for the purposes of subparagraph 963C(1)(c)(iii) of the Act.