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CORPORATIONS REGULATIONS 2001 - REG 7.7.04AB Financial Services Guide given by authorised representative: non - monetary benefit that is not conflicted remuneration

CORPORATIONS REGULATIONS 2001 - REG 7.7.04AB

Financial Services Guide given by authorised representative: non - monetary benefit that is not conflicted remuneration

  (1)   This regulation is made for paragraph   942C(4)(b) of the Act.

  (2)   Information about a non - monetary benefit that, in accordance with paragraph   963C(b) of the Act, is not conflicted remuneration is not required by paragraph   942C(2)(f) of the Act.

Note:   Under paragraph   963C(b) of the Act, if a non - monetary benefit is given to a financial services licensee, or a representative of a financial services licensee, who provides financial advice, is less than the prescribed amount and identical or similar benefits are not given on a frequent or regular basis, the benefit is not conflicted remuneration.