Corporations Amendment (Financial Advice) Regulation 2015 (108 of 2015)

Schedule 1   Amendments

Corporations Regulations 2001

1   Before regulation 7.1.28A

Insert:

7.1.28AA Provision of financial product advice about default funds

For paragraph 766A(1)(f) of the Act, the provision of financial product advice to an employer about the choice of a fund to which to contribute for the benefit of those employees for whom there is no chosen fund (within the meaning of the Superannuation Guarantee (Administration) Act 1992) is prescribed.

Note: The financial product advice provided to the employer is a financial service provided to a person as a retail client: see paragraph 761G(6)(b) of the Act.