Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS REGULATIONS 2001 - REG 10.2.76

References to retail client

             (1)  For section 1444 of the Act, this regulation applies if a person acquired a financial product before the FSR commencement.

             (2)  Subject to subregulation (3), the person is taken to have acquired the financial product as a retail client.

             (3)  The person is taken to have acquired the product as a wholesale client if:

                     (a)  the person would not have acquired the product as a retail client if the product had been acquired at the FSR commencement; or

                     (b)  the person would not have acquired the product as a retail client if the Act had applied at the time when the product was acquired.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback