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CORPORATIONS ACT 2001 - SECT 960

Definitions

                   In this Part:

"anniversary day" , for an ongoing fee arrangement, has the meaning given by subsection 962G(3).

"asset-based fee" has the meaning given by section 964F.

"basic banking product" has the meaning given by section 961F.

"benefit ratio" , for a benefit given to a financial services licensee, or a representative of a financial services licensee, in relation to a life risk insurance product, or life risk insurance products, for a year, has the meaning given by subsection 963B(3A).

"conflicted remuneration" has the meaning given by section 963A, as affected by sections 963AA, 963B, 963C and 963D.

"consumer credit insurance" has the same meaning as in the Insurance Contracts Act 1984 .

"custodian" , in relation to a registrable superannuation entity, has the same meaning as in the Superannuation Industry (Supervision) Act 1993 .

"fee disclosure statement" has the meaning given by subsection 962H(1).

"fee recipient" has the meaning given by section 962C.

"group life policy for members of a superannuation entity" has the meaning given by subsection 963B(2).

"life policy for a member of a default superannuation fund" has the meaning given by subsection 963B(3).

"ongoing fee" has the meaning given by section 962B.

"ongoing fee arrangement" has the meaning given by section 962A.

"policy cost" , for a life risk insurance product, or life risk insurance products, for a year has the meaning given by subsections 963B(3B) and (3C).

"reasonable investigation" has a meaning affected by section 961D.

"reasonably apparent" :

                     (a)  in Division 2--has the meaning given by section 961C; and

                     (b)  in Subdivision B of Division 5--has the meaning given by section 964H.

"regulated superannuation fund" has the same meaning as in the Superannuation Industry (Supervision) Act 1993 .

"renewal period" has the meaning given by section 962L.

"representative" of a financial services licensee has the same meaning as in Part 7.6 (see section 910A).

"responsible licensee" , in relation to a contravention of a provision of this Part, has the meaning given by section 961P.

"volume-based shelf-space fee" has a meaning affected by section 964A.



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