Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.1.22A

Retail clients and wholesale clients: value of foreign exchange contracts

             (1)  This regulation makes arrangements about the value of a foreign exchange contract that is not a derivative.

Value

             (2)  For paragraph 761G(7)(a) of the Act, the amount applicable to a foreign exchange contract is $500 000.

Working out value: general rule

             (3)  For paragraph 761G(10)(a) of the Act, the value of a foreign exchange contract is the amount paid or payable under the foreign exchange contract.


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