Corporations Amendment (Stamping Fee Exemption) Regulations 2020 (F2020L00834)
Schedule 1 Amendments
Corporations Regulations 2001
1 Subsection 7.7A.12B(1)
Repeal the subregulation, substitute:
(1) A monetary benefit is not conflicted remuneration if:
(a) it is a stamping fee given to facilitate an approved capital raising; and
(b) in a case where the benefit is given on or after 1 July 2020 - the approved capital raising does not relate to an approved financial product that consists of:
(i) interests, or proposed interests, in a company (other than an infrastructure entity) that is listed, or proposed to be listed, and whose main purpose is investing in passive investments; or
(ii) interests, or proposed interests, in a managed investment scheme (other than a real estate investment trust or an infrastructure entity) that is listed or proposed to be listed.
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