Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.1.17C

                   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.