Corporations Amendment Regulations 2003 (No. 11) (369 of 2003)

Schedule 1   Amendments commencing on gazettal

[10]   Part 7.7, after Division 3

insert

Division 4 General advice provided to a retail client

7.7.14 Product Disclosure Statement not required

For paragraph 926B (1) (a) of the Act, a providing entity that is giving general advice in relation to a financial product for which, under Part 7.9 of the Act, a Product Disclosure Statement is not required, does not have to give the warning in paragraph 949A (2) (c) of the Act.

Division 5 Other disclosure requirements

7.7.20 General advice to retail client - no obligation to warn client

For paragraph 949A (1) (c) of the Act, the provision of general advice in the circumstances set out in subregulation 7.7.02 (5A) is specified.