Retail clients and wholesale clients: aggregation of amounts for price or value of financial product

Current

(1)

For paragraph 761G(10)(a) of the Act, this regulation applies in relation to a class of financial products that:

(a)

are provided by the same product issuer to:

(i)

a particular person; or

(ii)

an associate of the person; or

(iii)

a body corporate controlled and wholly owned by the person; and

(b)

are provided at or about the same time.

(2)

The price for the provision of the financial products may be calculated by:

(a)

calculating the total price for the provision of all of the financial products in the class; and

(b)

treating the total price as the price for the provision to the particular person of a single financial product.

(3)

The value of the financial products may be calculated by:

(a)

calculating the total value of all of the financial products in the class; and

(b)

treating the total value as the value of a single financial product provided to the particular person.

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