Non‑monetary benefit given in certain circumstances not conflicted remuneration: other education and training benefit
7.7A.15 Non‑monetary benefit given in certain circumstances not conflicted remuneration: other education and training benefit
This regulation is made for subparagraph 963C(1)(c)(iii) of the Act.
This regulation sets out a requirement if a non‑monetary benefit to which subparagraphs 963C(1)(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.
Under paragraph 963C(1)(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.
The dominant purpose of the non‑monetary benefit must be education and training.
This Act’s bill:Explanatory statement
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