Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.1.17C

                For subsection 761G (6A) of the Act, a traditional trustee company service is not provided to a person as a retail client if:

                (a)    the service is provided to the person for use in relation to a business that is not a small business; or

               (b)    the person to whom the service is provided is a professional investor.

Note    Small business is defined in subsection 761G (12) of the Act and professional investor is defined in section 9 of the Act.