Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 5 - Provisions common to both kinds of compensation arrangements  

REGULATION 7.5.91  

7.5.91   PAYMENT OF EXCESS MONEY FROM FIDELITY FUND  
If there is excess money in a fidelity fund (other than the NGF), the market licensee to which the excess money relates may pay an amount of the excess money into an account that:


(a) is kept separately from other accounts used by the market licensee; and


(b) is designated as a ' financial industry development account ' .




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.