Federal Register of Legislation - Australian Government

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Corporations Amendment Regulation 2012 (No. 8)

Authoritative Version
  • - F2012L01989
  • No longer in force
SLI 2012 No. 234 Regulations as made
This regulation amends the Corporations Regulations 2001 to provide for the grandfathering of certain benefits from the ban on conflicted remuneration in Part 7.7A, Division 4, Subdivision C of the Corporations Act 2001.
Administered by: Treasury
Made 27 Sep 2012
Registered 02 Oct 2012
Tabled HR 09 Oct 2012
Tabled Senate 09 Oct 2012
Date of repeal 04 Oct 2012
Repealed by Division 1 of Part 5A of the

Commonwealth Coat of Arms

Corporations Amendment Regulation 2012 (No. 8)1

Select Legislative Instrument 2012 No. 234

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Corporations Act 2001.

Dated 27 September 2012

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

WILLIAM RICHARD SHORTEN


1              Name of regulation

                This regulation is the Corporations Amendment Regulation 2012 (No. 8).

2              Commencement

                This regulation commences on the day after it is registered.

3              Amendment of Corporations Regulations 2001

                Schedule 1 amends the Corporations Regulations 2001.


Schedule 1        Amendment

(section 3)

 

[1]           After regulation 7.7A.15

insert

7.7A.16  Application of ban on conflicted remuneration

         (1)   This regulation:

                (a)    is made for subsection 1528 (2) of the Act; and

               (b)    prescribes circumstances in which Division 4 of Part 7.7A of the Act does not apply to a benefit given to a financial services licensee or a representative of a financial services licensee.

         (2)   Division 4 does not apply to the benefit if the benefit is given:

                (a)    by a platform operator; and

               (b)    under an arrangement that was entered into before the application day, within the meaning of subsection 1528 (4) of the Act.

Note   See subsection 1526 (1) of the Act for the definition of platform operator.


Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.