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CORPORATIONS REGULATIONS 2001 - REG 7.7A.15A

Non-monetary benefit given in certain circumstances not conflicted remuneration--education and training in conducting a financial services business

             (1)  This regulation:

                     (a)  is made for paragraph 963C(f) of the Act; and

                     (b)  prescribes the circumstances in which a non-monetary benefit given to a financial services licensee, or representative of a financial services licensee, who provides financial product advice to persons as retail clients is not conflicted remuneration.

Note:          For financial product advice , see subsection 766B(1) of the Act.

             (2)  The benefit is not conflicted remuneration if the benefit:

                     (a)  has a genuine education or training purpose; and

                     (b)  is relevant to the carrying on of a financial services business; and

                     (c)  complies with regulations made for the purposes of subparagraph 963C(c)(iii) of the Act.



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