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.]
This regulation is made for paragraph 988E(g) and section 988F of the Act.
7.8.11A(2)
The following table sets out matters in relation to a non-monetary benefit that:
(a) is given to a financial services licensee or a representative of a financial services licensee; and
(b) either:
(i) is not conflicted remuneration in accordance with paragraph 963C(1)(b) of the Act, and is over $100; or
(ii) is not conflicted remuneration in accordance with paragraph 963C(1)(c) or (d) of the Act; or
Note: Particulars of the matters must be shown in the records kept by the financial services licensee.
| Item | Matter |
| 1 | A description of the benefit |
| 2 | Either:
(a) the value of the benefit; or (b) if the value is not known, the estimated value of the benefit; expressed as a dollar amount or as a range of dollars |
| 3 | The date on which the benefit was given |
| 4 | The name of the person who gave the benefit and, if relevant, the number of the person ' s financial services licence |
| 5 | Whether the benefit was given to the licensee or to a representative of the licensee |
| 6 | If the benefit was given to an authorised representative of the licensee, the name and contact details of the authorised representative |
| 7 | If the benefit was given to another representative of the licensee, the name and contact details of the other representative |
7.8.11A(3)
At the request of a person, a financial services licensee must give the person the particulars in its records relating to the matters in items 1 to 4 of the table for the last financial year.
7.8.11A(4)
The licensee may require the person making the request to pay a charge for obtaining the particulars.
7.8.11A(5)
The amount of the charge must not exceed the reasonable costs that the licensee incurs that are reasonably related to giving the particulars (including any costs incurred in photocopying the document containing the particulars).
Note: This would include the costs of collating the information.
7.8.11A(6)
The licensee must give the particulars to the person as soon as practicable, and no later than one month after the person makes the request to the licensee.
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