Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1708d
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1708D
Character Range: 6294545–6295689

1708D  Benefits for employees of ADIs
 (1) The repeal of section 963D by item 91 of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 applies to a benefit given to a financial services licensee, or a representative of a financial services licensee, under an arrangement if:
 (a) the arrangement was entered into on or after the day (the deferred start day) that is 6 months after the commencement of that Part; or
 (b) all of the following apply:
 (i) the arrangement was varied on or after the deferred start day;
 (ii) the variation related to the giving of benefits under the arrangement;
 (iii) the benefit is given on or after the deferred start day.
 (2) The repeal of that section also applies to a benefit if:
 (a) the benefit is given to a financial services licensee, or a representative of a financial services licensee, otherwise than under an arrangement; and
 (b) the benefit is given on or after the deferred start day.

Part 10.79—Application provisions relating to the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024