Corporations Amendment Regulations 2003 (No. 7) (202 of 2003)

Schedule 1   Amendments commencing on gazettal

[2]   After regulation 7.1.22

insert

7.1.22A Retail clients and wholesale clients: value of foreign exchange contracts

(1) This regulation makes arrangements about the value of a foreign exchange contract that is not a derivative.

Value

(2) For paragraph 761G (7) (a) of the Act, the amount applicable to a foreign exchange contract is $500,000.

Working out value: general rule

(3) For paragraph 761G (10) (a) of the Act, the value of a foreign exchange contract is the amount paid or payable under the foreign exchange contract.