Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.23A - TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (PROFESSIONAL STANDARDS OF FINANCIAL ADVISERS) ACT 2017  

Division 2 - Application and transitional provisions  

SECTION 1546C   APPLICATION OF LIMITATION ON AUTHORISATION TO PROVIDE PERSONAL ADVICE AND OFFENCE  

Limitation on authorisation to provide personal advice

1546C(1)    
Section 921C , as inserted by the amending Act, applies in relation to:

(a)    

any Australian financial services licence granted on or after 1 January 2019 to a person who is not an existing provider; and

(b)    

any authorisation given on or after that day to a person who is not an existing provider.

Note: Section 921C provides that a person cannot be granted a licence, or be authorised, to provide certain financial advice unless the person meets certain conditions.

1546C(2) - (4)    
(Repealed by No 115 of 2021, s 3, Sch 1[93] (effective 1 January 2022).)

Restriction on use of terms " financial adviser " and " financial planner "

1546C(5)    
The following provisions, as inserted by the amending Act, apply on and after 1 January 2019:

(a)    section 923C ;

(b)    items 269AAA and 269AAB of the table in Schedule 3 .

Note: Those provisions relate to offences for using the terms " financial adviser " and " financial planner " .