Corporations Regulations 2001
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 761G(6A) of the Act, a traditional trustee company service is not provided to a person as a retail client if:
(a) the service is provided to the person for use in relation to a business that is not a small business; or
(b) the person to whom the service is provided is a professional investor.
Note Small business is defined in subsection 761G(12) of the Act and professional investor is defined in section 9 of the Act.
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