Commonwealth Consolidated Regulations

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Retail clients: traditional trustee company services

    For subsection   761G(6A) of the Act, a traditional trustee company service is not provided to a person as a retail client if:

  (a)   the service is provided to the person for use in relation to a business that is not a small business; or

  (b)   the person to whom the service is provided is a professional investor.

Note:   Small business is defined in subsection   761G(12) of the Act and professional investor is defined in section   9 of the Act.

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