Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 2 ALRC Financial Services Interim Report: single glossary of defined terms

Insert:

reportable situation has the meaning given by section 912D.

reporting period , in Part 7.8A (design and distribution requirements), has the meaning given by subsection 994A(2).

reporting requirements , in relation to derivative transactions, has the meaning given by subsection 901A(6).

representative of a person means:

(a) if the person is a financial services licensee:

(i) an authorised representative of the licensee; or

(ii) an employee or director of the licensee; or

(iii) an employee or director of a related body corporate of the licensee; or

(iv) any other person acting on behalf of the licensee; or

(b) in any other case:

(i) an employee or director of the person; or

(ii) an employee or director of a related body corporate of the person; or

(iii) any other person acting on behalf of the person.