Corporations Amendment (Stamping Fee Exemption) Regulations 2020 (F2020L00834)

Schedule 1   Amendments

Corporations Regulations 2001

1   Subsection 7.7A.12B(1)

Repeal the subregulation, substitute:

(1) A monetary benefit is not conflicted remuneration if:

(a) it is a stamping fee given to facilitate an approved capital raising; and

(b) in a case where the benefit is given on or after 1 July 2020 - the approved capital raising does not relate to an approved financial product that consists of:

(i) interests, or proposed interests, in a company (other than an infrastructure entity) that is listed, or proposed to be listed, and whose main purpose is investing in passive investments; or

(ii) interests, or proposed interests, in a managed investment scheme (other than a real estate investment trust or an infrastructure entity) that is listed or proposed to be listed.