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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

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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