Document ID: chunk:federal_register_of_legislation:F2019L00117:reg:4
Version: federal_register_of_legislation:F2019L00117
Segment Type: reg
Provision Reference: reg 4
Character Range: 2212–3182

4  Interpretation
Note: The Corporations Act 2001 defines financial product, financial services licensee, monitoring body, personal advice, relevant provider and retail client.
 (1) In this Code:
benefits includes both monetary and non-monetary benefits, but not any fixed component of remuneration.
Note: Variable components of remuneration (for example, performance bonuses) are benefits under this definition.
client, in relation to a relevant provider, includes a retail client of the principal of the relevant provider.
Principal: the principal of a relevant provider is the financial services licensee who has authorised the provider to provide, on its behalf, personal advice to retail clients.
Note: Your employer may be your principal. If you are a financial services licensee, you will not have a principal.
 (2) Unless this Code expressly says otherwise, do not read down any of the provisions of this Code by reference to any other provision of this Code.