Corporations Regulations 2001
View history note
Hide history note[ 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.]
Note: Regulations 7.7A.01 to 7.7A.04 are reserved for future use.
A benefit is not conflicted remuneration if the benefit is given in relation to a general insurance product.
Note: If a benefit is given in relation to a financial product that consists of both general insurance and life risk insurance, the benefit is to be treated as relating to a general insurance product and a life risk insurance product.
[ CCH Note 1: Reg 7.7A.12G will be amended by FRLI No F2024L01152, Sch 1[73], by inserting " (1) " before " A benefit " , (effective 17 September 2024).]
[ CCH Note 2: Reg 7.7A.12G(2) will be inserted by FRLI No F2024L01152, Sch 1[74], (effective 17 September 2024). Reg 7.7A.12G(2) will read:
]
(2)
Section 963BB of the Act (about informed consent for insurance commissions) applies in relation to subregulation (1) in the same way it applies in relation to paragraph 963B(1)(a) of the Act.
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