Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.6.02AC

Modification of section 761G of the Act: meaning of retail client and wholesale client

                   For the provisions of the Act set out in column 2 of the following table, the Parts of the Act specified in column 3 apply as if section 761G of the Act were modified by inserting after subsection 761G(7), the following subsections:

        "(7A)  In determining the net assets of a person under subparagraph (7)(c)(i), the net assets of a company or trust controlled by the person may be included.

Note:          Control is defined in section 50AA.

          (7B)  In determining the gross income of a person under subparagraph (7)(c)(ii), the gross income of a company or trust controlled by the person may be included.

Note:          Control is defined in section 50AA."

 

Column 1

Column 2

Column 3

Item

Provisions of Act

 

1

paragraph 926B(1)(c)

Part 7.6

2

paragraph 951C(1)(c)

Part 7.7

2A

section 1368

Part 7.7A

3

paragraph 992C(1)(c)

Part 7.8

4

paragraph 1020G(1)(c)

Part 7.9



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