Corporations Amendment Regulations 2003 (No. 7) (202 of 2003)
Schedule 1 Amendments commencing on gazettal
[2] After regulation 7.1.22
insert
7.1.22A Retail clients and wholesale clients: value of foreign exchange contracts
(1) This regulation makes arrangements about the value of a foreign exchange contract that is not a derivative.
Value
(2) For paragraph 761G (7) (a) of the Act, the amount applicable to a foreign exchange contract is $500,000.
Working out value: general rule
(3) 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.
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