Commonwealth Consolidated Regulations

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

CORPORATIONS REGULATIONS 2001 - REG 7.7A.12EA

Application of ban on conflicted remuneration--purchase or sale of financial advice business

    A monetary benefit is not conflicted remuneration to the extent that:

  (a)   the benefit is given to a financial services licensee or a representative of the licensee; and

  (b)   the benefit is paid as part of:

  (i)   the purchase or sale of all or part of the licensee's financial advice business; or

  (ii)   the purchase or sale of all or part of the representative's financial advice business; and

  (c)   the price is calculated using a formula:

  (i)   which is based, in whole or in part, on the number or value of all or part of the financial products held by the licensee's clients or the representative's clients; and

  (ii)   in which the weighting attributed to the financial products issued by the licensee or a related body corporate or other person is the same as the weighting attributed to other similar financial products.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback