Document ID: chunk:federal_register_of_legislation:C2009A00108:clause:2_19
Version: federal_register_of_legislation:C2009A00108
Segment Type: clause
Provision Reference: sch 2 cl 19
Character Range: 109352–110571

19  After subsection 766A(1)
Insert:

Provision of traditional trustee company services by trustee company
 (1A) Subject to paragraph (2)(b), the provision by a trustee company of a traditional trustee company service constitutes the provision, by the company, of a financial service.
Note: Trustee companies may also provide other kinds of financial service mentioned in subsection (1).
 (1B) The regulations may, in relation to a traditional trustee company service of a particular class, prescribe the person or persons to whom a service of that class is taken to be provided. This subsection does not limit (and is not limited by) subsection (2).
Note: A traditional trustee company service is provided to a person as a retail client unless regulations provide otherwise (see subsection 761G(6A)).
Note 1: The following heading to subsection 766A(1) is inserted "General".
Note 2: The following heading to subsection 766A(2) is inserted "Regulations may deal with various matters".
Note 3: The following heading to subsection 766A(3) is inserted "Exception for work ordinarily done by clerks or cashiers".
Note 4: The following heading to subsection 766A(4) is inserted "Meaning of operating a registered scheme".