Corporations Amendment Regulations 2004 (No. 6) (149 of 2004)

Schedule 1   Amendments commencing on 1 July 2004

[1]   After regulation 7.7.10

insert

7.7.10A Statements of Advice - requirement to state information as amounts in dollars

(1) For paragraph 951C (1) (c) of the Act, Part 7.7 of the Act applies as if paragraph 947B (2) (h) of the Act were modified to read as follows:

'(h) unless in accordance with the regulations and a determination by ASIC, information to be disclosed in accordance with paragraph (d) and subparagraph (e) (i) must be stated as amounts in dollars.'.

(2) For paragraph 951C (1) (a) of the Act, a providing entity does not have to provide the information mentioned in paragraph 947B (2) (h) of the Act, in the form required by that paragraph, in a Statement of Advice prepared before 1 January 2005.

(3) For paragraph 951C (1) (c) of the Act, Part 7.7 of the Act applies as if paragraph 947C (2) (i) of the Act were modified to read as follows:

'(i) unless in accordance with the regulations and a determination by ASIC, information to be disclosed in accordance with paragraph (e) and subparagraph (f) (i) must be stated as amounts in dollars.'.

(4) For paragraph 951C (1) (a) of the Act, a providing entity does not have to provide the information mentioned in paragraph 947C (2) (i)of the Act, in the form required by that paragraph, in a Statement of Advice prepared before 1 January 2005.

(5) For paragraph 951C (1) (c) of the Act, Part 7.7 of the Act applies as if paragraph 947D (2) (d) of the Act were modified to read as follows:

'(d) unless in accordance with the regulations and a determination by ASIC, information to be disclosed in accordance with paragraph (a) must be stated as amounts in dollars.'.

(6) For paragraph 951C (1) (a) of the Act, a providing entity does not have to provide the information mentioned in paragraph 947D (2) (d) of the Act, in the form required by that paragraph, in a Statement of Advice prepared before 1 January 2005.