4Interpretation

4 Interpretation

Note: The Corporations Act 2001 defines financial product, financial services licensee, monitoring body, personal advice, relevant provider and retail client.

(1) In this Code:

benefits includes both monetary and non-monetary benefits, but not any fixed component of remuneration.

Note: Variable components of remuneration (for example, performance bonuses) are benefits under this definition.

client, in relation to a relevant provider, includes a retail client of the principal of the relevant provider.

Principal: the principal of a relevant provider is the financial services licensee who has authorised the provider to provide, on its behalf, personal advice to retail clients.

Note: Your employer may be your principal. If you are a financial services licensee, you will not have a principal.

(2) Unless this Code expressly says otherwise, do not read down any of the provisions of this Code by reference to any other provision of this Code.