Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor subsection 766C(7) of the Act, a financial service provided by a lawyer is taken not to be dealing in a financial product if:
(a) the financial service consists of:
(i) arranging for a person to engage in conduct referred to in subsection 766C(1) of the Act; or
(ii) dealing as an agent or otherwise on behalf of a client, an associate of a client or a relative of a client; and
(b) the lawyer is acting:
(i) on the instructions of the client, an associate of the client or a relative of the client; and
(ii) in his or her professional capacity; and
(iii) in the ordinary course of his or her activities as a lawyer; and
(c) the financial service can reasonably be regarded as a necessary part of those activities; and
(d) the lawyer has not received, and will not receive, a benefit in connection with those activities other than:
(i) the payment of professional charges in relation to those activities; and
(ii) reimbursement for expenses incurred or payment on account of expenses to be incurred on behalf of the client, an associate of the client or a relative of the client;
from the client or from another person on behalf of the client.