Corporations Amendment Regulation 2012 (No.   )1
Select Legislative Instrument 2012 No.   
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Corporations Act 2001.
Dated	2012

Governor-General
By Her Excellency’s Command
[DRAFT ONLY – NOT FOR SIGNATURE]
Minister for Financial Services and Superannuation

1	Name of regulation
		This regulation is the Corporations Amendment Regulation 2012 (No.   ).
2	Commencement
		This regulation commences immediately after the commencement of Schedule 1 to the Corporations Amendment (Further Future of Financial Advice Measures) Act 2012.
3	Amendment of Corporations Regulations 2001
		Schedule 1 amends the Corporations Regulations 2001.

Schedule 1	Amendment
(section 3)
[1]	After regulation 7.7A.4.15 
insert
7.7A.4.16	Application of ban on conflicted remuneration
	(1)	This regulation:
	(a)	is made for subsection 1528 (2) of the Act; and
	(b)	prescribes circumstances in which Division 4 of Part 7.7A of the Act applies to a benefit given to a financial services licensee or a representative of a financial services licensee.
	(2)	Division 4 applies to the benefit if the benefit is given:
	(a)	by someone other than a platform operator; and
	(b)	under an arrangement that was entered into before the application day; and
	(c)	in relation to an investment in a new financial product, on or after the application day.
Note   For the definition of application day, see section 1528 of the Act.
	(3)	In this regulation:
new financial product means a financial product that was acquired on or after the application day.

Note
1.	All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.