Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4
Character Range: 812685–813537

4         paragraph 1020G(1)(c)  Part 7.9

7.6.02AC  Modification of section 761G of the Act: meaning of retail client and wholesale client
  For the provisions of the Act set out in column 2 of the following table, the Parts of the Act specified in column 3 apply as if section 761G of the Act were modified by inserting after subsection 761G(7), the following subsections:
 "(7A) In determining the net assets of a person under subparagraph (7)(c)(i), the net assets of a company or trust controlled by the person may be included.
Note: Control is defined in section 50AA.
 (7B) In determining the gross income of a person under subparagraph (7)(c)(ii), the gross income of a company or trust controlled by the person may be included.
Note: Control is defined in section 50AA."

Column 1  Column 2               Column 3
Item      Provisions of Act