Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:7:p1
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 7 (pt 1/39)
Character Range: 1105475–1108220

7     If the benefit was given to another representative of the licensee, the name and contact details of the other representative

 (3) At the request of a person, a financial services licensee must give the person the particulars in its records relating to the matters in items 1 to 4 of the table for the last financial year.
 (4) The licensee may require the person making the request to pay a charge for obtaining the particulars.
 (5) The amount of the charge must not exceed the reasonable costs that the licensee incurs that are reasonably related to giving the particulars (including any costs incurred in photocopying the document containing the particulars).
Note: This would include the costs of collating the information.
 (6) The licensee must give the particulars to the person as soon as practicable, and no later than one month after the person makes the request to the licensee.

7.8.11B  Information to be shown in records: records of rebates in relation to conflicted remuneration
 (1) For the purposes of paragraph 988E(g) of the Act, the following matters are specified in relation to records that must be kept by a financial services licensee who is a person covered by section 963M of the Act:
 (a) all conflicted remuneration that the financial services licensee is legally obliged (disregarding Subdivision C of Division 4 of Part 7.7A of the Act) to give another person for a financial year;
 (b) all amounts that the financial services licensee is required by regulation 7.7A.15AK to pay, and all monetary benefits that the financial services licensee is required by that regulation to provide, for a financial year, and the following:
 (i) all such amounts paid, and all such monetary benefits provided, by the financial services licensee for the financial year;
 (ii) all cases where the financial services licensee determined that an amount that was just and equitable in the circumstances for the purposes of subregulation 7.7A.15AK(2) was nil.
 (2) For the purposes of section 988F of the Act, subregulation (3) sets out additional requirements for things to be contained in records, and relating to the level of detail to be shown in records, that are imposed in relation to records that must be kept by a financial services licensee who is a person covered by section 963M of the Act, for:
 (a) all amounts that the financial services licensee is required by regulation 7.7A.15AK to pay, and all monetary benefits that the financial services licensee is required by that regulation to provide; and
 (b) all cases where the financial services licensee determined that an amount that was just and equitable in the circumstances for the purposes of subregulation 7.7A.15AK(2) was nil.
 (3) The requirements are as