Corporations Amendment (Streamlining Future of Financial Advice) Regulation 2014 (102 of 2014)
Schedule 1
Corporations Regulations 2001
31 After regulation 7.7A.16B
Insert:
7.7A.16BA Sale of business
The application of regulation 7.7A.16, 7.7A.16A or 7.7A.16B in relation to a benefit is not affected only because the benefit, or the right to the benefit, is transferred as part of the sale of a business, or a part of a business.
Note: This means that the buyer of a business will have the same protection for benefits that the seller of the business had.
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).
