Section 1708D — Corporations Act 2001: 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.