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

Schedule 1   Amendments

Part 1   Amendments commencing on Royal Assent

Corporations Act 2001

99   Subsection 761G(6)

Omit all the words after paragraph (b), substitute:

(c) if a financial service (other than the provision of a financial product) provided to a person who is:

(i) the trustee of a superannuation fund, an approved deposit fund, a pooled superannuation trust or a public sector superannuation scheme (within the meaning of the Superannuation Industry (Supervision) Act 1993) that has net assets of at least $10 million; or

(ii) an RSA provider (within the meaning of the Retirement Savings Accounts Act 1997);

relates to a superannuation product or an RSA product, that does not constitute the provision of a financial service to the person as a retail client.