Corporations Amendment Regulations 2004 (No. 6) (149 of 2004)

Schedule 2   Amendments commencing on 1 January 2005

[8]   Subregulation 7.9.75 (2)

substitute

(2) For paragraph (1) (a), an amount has been paid in respect of a financial product if:

(a) the product holder has paid an amount in respect of the product; or

(b) an amount has been deducted from:

(i) a payment made by the product holder; or

(ii) a payment made to the product holder; or

(c) the product holder has paid an amount or an amount has been deducted or debited as a fee, expense or charge in relation to the financial product; or

(d) an amount is held on the product holder's behalf under the financial product (excluding any amounts referred to in paragraph (1) (b) deducted from a common fund).