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Corporations (FinTech Sandbox Australian Financial Services Licence Exemption) Regulations 2020
22Condition—client money obligations
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22 Condition—client money obligations
The condition in this section is met for an eligible financial service if the provider complies with Divisions 2 and 3 of Part 7.8 of the Act as if the provider were a financial services licensee for the purposes of those Divisions.
Note: Complying with those Divisions includes complying with any instruments made for the purposes of those Divisions.