Corporations Legislation Amendment (Simpler Regulatory System) Act 2007 (101 of 2007)

Schedule 1   Amendments

Part 1   Amendments commencing on Royal Assent

Corporations Act 2001

106   After paragraph 911A(2)(ec)

Insert:

(ed) both of the following apply:

(i) the service is the provision of general advice by the person in connection with an offer of financial products under an eligible employee share scheme;

(ii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;

(ee) all of the following apply:

(i) the service is dealing in a financial product by the person in connection with an offer of the financial product under an eligible employee share scheme;

(ii) the scheme requires that any purchase or disposal of the financial product under the scheme occurs through a person who holds an Australian financial services licence to deal in financial products, or a person outside this jurisdiction who is licensed or otherwise authorised to deal in financial products in that jurisdiction;

(iii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;

(ef) both of the following apply:

(i) the service is, or is provided incidentally to, a custodial or depository service that is provided by the person in connection with an eligible employee share scheme;

(ii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;

(eg) both of the following apply:

(i) the service is dealing in an interest in a contribution plan operated by the person in relation to an eligible employee share scheme;

(ii) the person is the corporation whose financial products are being issued or sold under the scheme, or an entity that that corporation controls;