Web1. Australia: a wholesale client within the meaning of section 761G of the Corporations Act 2001 or that you are acting for a wholesale client. 2. New Zealand: a wholesale investor under clause 3 (2) of Schedule 1 of the Financial Markets Conduct Act 2013 (the FMCA); and. a wholesale client under section 5C of the Financial Advisers Act 2008 ... WebChapter 7 of the . Corporations Act. Of course, as set out in the Interim Report, ‘elements of corporations and financial services regulation are found within other Commonwealth Acts’ not merely the . Corporations Act. 7. Indeed, the Final Report of the Royal Commission sets out an extensive list of legislation relevant to financial ...
CORPORATIONS ACT 2001 - SECT 761A Definitions
http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s761ga.html WebCORPORATIONS ACT 2001 - SECT 761G. Meaning of retail client and wholesale client. Providing a financial productor financial serviceto a personas aretail client. (1) For the purposes of this Chapter, a financial productor afinancial serviceis providedto a personas … cheap tec 9
Investor classifications need revisiting - SMS Magazine
Web7. You are a body registered under the Financial Corporations Act 1974; 8. You control at least $10 million (including any amount held by an associate or under a trust that you manage); 9. You are a listed entity, or a related body corporate of a listed entity; 10. Web761G (7) (c) The investor has a certificate from a qualifying accountant that the investor has $250,000 gross income p.a. for each of the last 2 financial years or $2.5M in net … Web(n) prescribing penalties for late payment of a review fee imposed by the Corporations (Review Fees) Act 2003; and (o) prescribing that, in relation to the payment of a fee imposed by the Corporations (Fees) Act 2001 or the Corporations (Review Fees) Act 2003 , in the event that the fee is paid by electronic means, a refund of an amount or proportion of the … cyber specials today