Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.1.22A

Retail clients and wholesale clients: value of foreign exchange contracts

  (1)   This regulation makes arrangements about the value of a foreign exchange contract that is not a derivative.

Value

  (2)   For paragraph   761G(7)(a) of the Act, the amount applicable to a foreign exchange contract is $500   000.

Working out value: general rule

  (3)   For paragraph   761G(10)(a) of the Act, the value of a foreign exchange contract is the amount paid or payable under the foreign exchange contract.


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