Corporations Amendment Regulations 2003 (No. 4) (126 of 2003)

Schedule 1   Amendments

[6]   After subparagraph 7.6.01 (1) (f)

insert

(fa) a financial service is provided in the following circumstances:

(i) a person ( person 1 ) is a person that is not in the jurisdiction;

(ii) person 1 enters into an arrangement with the holder of an Australian financial services licence under which a financial product, or a beneficial interest in a financial product, is to be held on trust for, or on behalf of, another person ( person 2 );

(iii) person 1 believes on reasonable grounds that person 2 is not in the jurisdiction;