Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p60
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 60/148)
Character Range: 482924–485754

marine pleasure craft;
 (g) a horse;
 (h) a domestic pet;
 (i) a mobile phone.
relative means any of the following relatives of an insured person:
 (a) mother;
 (b) step‑mother;
 (c) father;
 (d) step‑father;
 (e) brother;
 (f) half‑brother;
 (g) sister;
 (h) half‑sister;
 (i) spouse (including de facto spouse);
 (j) son;
 (k) step‑son;
 (l) adopted son;
 (m) daughter;
 (n) step‑daughter;
 (o) adopted daughter;
 (p) grandparent;
 (q) grandchild;
 (r) nephew;
 (s) niece;
 (t) uncle;
 (u) aunt;
 (v) mother‑in‑law;
 (w) father‑in‑law.
 (4) For paragraph (1)(a), property is taken to be wholly or predominantly used for personal, domestic or household purposes if the insured gives the insurer a statement, before the insurance product is issued, that the property is intended to be used wholly or predominantly for 1 or more of those purposes.

7.1.17A  General insurance products: medical indemnity insurance products
  For subparagraph 761G(5)(b)(viii) of the Act, a medical indemnity insurance product is prescribed.

7.1.17B  Retail clients and wholesale clients: aggregation of amounts for price or value of financial product
 (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.

7.1.17C  Retail clients: traditional trustee company services
  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.

7.1.18  Retail clients and wholesale clients: price of investment‑based financial products
 (1) This regulation makes arrangements about the price for the provision of an investment‑based financial product.
Note: Under paragraph 761G(7)(a) of the Act, if a financial product is not, or a