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.
This regulation is made for subparagraph 963C(1)(c)(iii) of the Act.
7.7A.15(2)
This regulation sets out a requirement if a non-monetary benefit to which subparagraphs 963C(1)(c)(i) and (ii) of the Act apply is not the provision of an education or training course to which regulation 7.7A.13 applies.
Note: Under paragraph 963C(1)(c) of the Act, if certain non-monetary benefits have a genuine education or training purpose, are relevant to the provision of financial product advice to retail clients and comply with the regulations, the benefits are not conflicted remuneration.
7.7A.15(3)
The dominant purpose of the non-monetary benefit must be education and training.
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