Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor paragraph 981H(3)(b) of the Act, if client money is held by an investment mentioned in subregulation 7.8.02(5) following a breach of a financial services law:
(a) the money is subject to a trust in favour of the client to the extent that the client is entitled to the money; and
(b) any investment of the money is subject to a trust in favour of the client to the extent that the client is entitled to the investment; and
(c) the proceeds of a realisation of an investment of the money are subject to a trust in favour of the client to the extent that the client is entitled to the proceeds.