Document ID: chunk:federal_register_of_legislation:F2024C00757:reg:1:p18
Version: federal_register_of_legislation:F2024C00757
Segment Type: reg
Provision Reference: reg 1 (pt 18/22)
Character Range: 91142–93980

own behalf. They may also arise from the "netting" of transactions whereby directions of clients to buy and sell assets are offset against each other and a transaction for the net amount is entered into.
    IDPS contract means a contract between an operator and a client under which the operator provides the client with an IDPS or the performance of some functions which together with others constitute an IDPS.
    IDPS financial year means a period of 12 months commencing on 1 July and ending on 30 June.
    IDPS Guide means an IDPS Guide required to be given in the circumstances referred to in subsection (2).
    IDPS property means, in relation to an IDPS, all property acquired or held through the IDPS, other than property held by a client of the IDPS.
    IDPS voting policy means a policy that applies in relation to the exercise of voting rights arising from accessible investments held by clients through an IDPS.
    IDPS-like scheme has the same meaning as in ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668.
    internal controls and other procedures of an operator include any alternative controls and procedures employed by the operator to address deficiencies in the design or operation of established internal controls or other procedures.
    missing document has the same meaning as in the definition of regular savings plan.
    nominee and custody services has the same meaning as in ASIC Corporations (Nominee and Custody Services) Instrument 2016/1156.
    operator means a public company that is a holder of an Australian financial services licence that is authorised to operate an IDPS and who provides an IDPS or a function that forms part of the IDPS.
    quarter means a period of three months ending on a quarter day.
    quarter's end means, in relation to electronic access to information under paragraph (27)(b):
       (a) at the end of a day that is a quarter day; or
       (b) where such access is not given at the time mentioned in paragraph (a), the time at which access is first given after that time.
    quarterly report means a report for a quarter under subsection (29).
    regular savings acquisition has the same meaning as in the definition of regular savings plan.
    regular savings plan means a written arrangement between an operator and a client to the effect that:
       (a) the client instructs the operator to acquire specified accessible financial products by way of periodic payments of a specified amount and at specified intervals (each such acquisition is a regular savings acquisition); and
       (b) the client acknowledges that under the regular savings plan, a regular savings acquisition of an accessible financial product may occur without the client having been given a current