(1) ASIC may, by legislative instrument, make rules (the client money reporting rules ) dealing with matters as permitted by this Subdivision, for purposes relating to derivative retail client money.
(2) The regulations may provide that the client money reporting rules:
(a) cannot impose requirements (or certain kinds of requirements) in relation to certain classes of persons or money; or
(b) can only impose requirements (or certain kinds of requirements) in relation to certain classes of persons or money in certain circumstances.