Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 (F2024L01152)

Schedule 1   Amendments

Part 4   Conflicted remuneration

Corporations Regulations 2001

72   In the appropriate position in Part 10.52

Insert:

10.52.04 Application - repeal of benefits for employees of ADIs

(1) The repeal of regulation 7.7A.12H by Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 applies to a benefit given to a provider, under an arrangement, if:

(a) the arrangement was entered into on or after the day (the deferred start day ) that is 6 months after the commencement of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024; or

(b) all of the following apply:

(i) the arrangement was varied on or after the deferred start day;

(ii) the variation related to the giving of benefits under the arrangement;

(iii) the benefit is given on or after the deferred start day.

(2) The repeal of that regulation also applies to a benefit given to a provider, otherwise than under an arrangement, on or after the deferred start day.