Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (67 of 2024)

Schedule 1   Delivering better financial outcomes - reducing red tape

Part 3   Financial Services Guides

Corporations Act 2001

51   After subsection 952I(4)

Insert:

(4A) A financial services licensee commits an offence if:

(a) the licensee:

(i) makes available, on its website, website disclosure information, in circumstances in which it is required by a provision of this Part to do so; or

(iv) makes available, on its website, website disclosure information, reckless as to whether a person will or may rely on the information; and

(b) the website disclosure information does not comply with paragraph 943L(2)(b) or 943M(b).

(4B) A financial services licensee commits an offence if:

(a) the financial services licensee authorises the distribution of website disclosure information by an authorised representative of the licensee; and

(b) the website disclosure information does not comply with paragraph 943L(2)(b) or 943M(b).