Benefits for employees of ADIs
(1) The repeal of section 963D by item 91 of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 applies to a benefit given to a financial services licensee, or a representative of a financial services licensee, under an arrangement if: (a) the arrangement was entered into on or after the day (the deferred start day) that is 6 months after the commencement of that Part; or (b) all of the following apply: (i) the arrangement was varied on or after the deferred start day; (ii) the variation related to the giving of benefits under the arrangement; (iii) the benefit is given on or after the deferred start day. (2) The repeal of that section also applies to a benefit if: (a) the benefit is given to a financial services licensee, or a representative of a financial services licensee, otherwise than under an arrangement; and (b) the benefit is given on or after the deferred start day.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.
Try BriefBridge free