CORPORATIONS REGULATIONS 2001 - REG 7.7A.15 Non - monetary benefit given in certain circumstances not conflicted remuneration: other education and training benefit

CORPORATIONS REGULATIONS 2001 - REG 7.7A.15

  (1)   This regulation is made for subparagraph   963C(c)(iii) of the Act.

  (2)   This regulation sets out a requirement if a non - monetary benefit to which subparagraphs   963C(c)(i) and (ii) of the Act apply is not the provision of an education or training course to which regulation   7.7A.13 applies.

Note:   Under paragraph   963C(c) of the Act, if certain non - monetary benefits have a genuine education or training purpose, are relevant to the provision of financial product advice to retail clients and comply with the regulations, the benefits are not conflicted remuneration.

  (3)   The dominant purpose of the non - monetary benefit must be education and training.