Document ID: chunk:federal_register_of_legislation:C2025C00185:section:761g:p4
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 761G (pt 4/4)
Character Range: 3007084–3008847

(see subsection (8)).

Regulations and paragraph (7)(a)
 (10) In addition to specifying an amount or amounts for the purposes of paragraph (7)(a), the regulations may do either or both of the following:
 (a) deal with how a price or value referred to in that paragraph is to be calculated, either generally or in relation to a specified class of financial products;
 (b) modify the way in which that paragraph applies in particular circumstances.

Regulations and paragraph (7)(c)
 (10A) In addition to specifying amounts for the purposes of subparagraphs (7)(c)(i) and (ii), the regulations may do either or both of the following:
 (a) deal with how net assets referred to in subparagraph (7)(c)(i) are to be determined and valued, either generally or in specified circumstances;
 (b) deal with how gross income referred to in subparagraph (7)(c)(ii) is to be calculated, either generally or in specified circumstances.

What happens if a package of general insurance products and other kinds of financial products is provided?
 (11) If:
 (a) either:
 (i) in a single transaction, 2 or more financial products are provided to a person; or
 (ii) a single financial service provided to a person relates to 2 or more financial products; and
 (b) one or more, but not all, of the financial products are general insurance products;
subsection (5) applies to the transaction or service so far as it relates to the general insurance products, and subsection (6) or (7), as the case requires, applies to the transaction or service so far as it relates to other financial products.

Definition
 (12) In this section:
small business means a business employing less than:
 (a) if the business is or includes the manufacture of goods—100 people; or
 (b) otherwise—20 people.