Corporations Amendment Regulations 2010 (No. 3) (88 of 2010)
Schedule 1 Amendments commencing on commencement of Schedule 2 to Corporations Legislation Amendment (Financial Services Modernisation) Act 2009
[2] After regulation 7.1.17B
insert
7.1.17C Retail clients: traditional trustee company services
For subsection 761G (6A) of the Act, a traditional trustee company service is not provided to a person as a retail client if:
(a) the service is provided to the person for use in relation to a business that is not a small business; or
(b) the person to whom the service is provided is a professional investor.
Note Small business is defined in subsection 761G (12) of the Act and professional investor is defined in section 9 of the Act.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
