Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS

[ 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.]

PART 7.1 - PRELIMINARY

Division 2 - Retail clients and wholesale clients

REGULATION 7.1.22A RETAIL CLIENTS AND WHOLESALE CLIENTS: VALUE OF FOREIGN EXCHANGE CONTRACTS

View history reference

7.1.22A(1) [ Function of regulation]

This regulation makes arrangements about the value of a foreign exchange contract that is not a derivative.

7.1.22A(2) Value.

For paragraph 761G(7)(a) of the Act, the amount applicable to a foreign exchange contract is $500,000.

7.1.22A(3) Working out value: general rule.

For paragraph 761G(10)(a) of the Act, the value of a foreign exchange contract is the amount paid or payable under the foreign exchange contract.

View history note

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