Corporations Amendment Regulation 2012 (No. 4) (170 of 2012)

Schedule 1   Amendment

[1]   After regulation 7.7.04A

insert

7.7.04AA Financial Services Guide given by financial services licensee: non-monetary benefit that is not conflicted remuneration

(1) This regulation is made for paragraph 942B (4) (b) of the Act.

(2) Information about a non-monetary benefit that, in accordance with paragraph 963C (b) of the Act, is not conflicted remuneration is not required by paragraph 942B (2) (e) of the Act.

Note Under paragraph 963C (b) of the Act, if a non-monetary benefit is given to a financial services licensee, or a representative of a financial services licensee, who provides financial advice, is less than the prescribed amount and identical or similar benefits are not given on a frequent or regular basis, the benefit is not conflicted remuneration.

7.7.04AB Financial Services Guide given by authorised representative: non-monetary benefit that is not conflicted remuneration

(1) This regulation is made for paragraph 942C (4) (b) of the Act.

(2) Information about a non-monetary benefit that, in accordance with paragraph 963C (b) of the Act, is not conflicted remuneration is not required by paragraph 942C (2) (f) of the Act.

Note Under paragraph 963C (b) of the Act, if a non-monetary benefit is given to a financial services licensee, or a representative of a financial services licensee, who provides financial advice, is less than the prescribed amount and identical or similar benefits are not given on a frequent or regular basis, the benefit is not conflicted remuneration.