Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1019h:p3
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1019H (pt 3/3)
Character Range: 1454221–1455513

value of a series of instalment payments is the amount:

where:
n is the number of instalment payments to be made.
Rp is the amount of instalment payment number p, where each instalment payment is assigned a number from l to n.
tp is the number of whole months between the date of offer and the date that the instalment number p is due.
 (3) For this regulation, the total current value of a financial product is the market value for the product on the date of offer as mentioned in paragraph 1019I(2)(b) of the Act or the fair estimate of the value of the product on the date of offer as mentioned in paragraph 1019I(2)(c) of the Act, as applicable.
 (4) For this regulation, all money amounts must be represented in Australian currency.

Division 14—Exemptions from Parts 7.7, 7.8 and 7.9 of the Act

7.9.98  Certain providers of financial services exempted from the requirements of Parts 7.7, 7.8 and 7.9 of the Act
  For the provisions of the Act set out in column 2 of the following table, a person who is providing a financial service in the circumstances set out subsections 911A(2A) to (2E) is exempt from the operation of the Parts of the Act specified in column 3 in relation to the provision of that service.

Column 1  Column 2               Column 3
Item      Provisions of Act