CORPORATIONS REGULATIONS 2001 - REG 7.7A.13 Non - monetary benefit given in certain circumstances not conflicted remuneration: prescribed amount

CORPORATIONS REGULATIONS 2001 - REG 7.7A.13

    For subparagraph   963C(b)(i) of the Act, the amount is $300 for each financial services licensee, or each representative of a financial services licensee, who is the final recipient of a non - monetary benefit.

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.