Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

View history reference

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

 View history note

 Hide history note

History

Ch 7 amended by No 8 of 2022, s 3, Sch 2[165] (effective 1 July 2022).

Ch 7 inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.

PART 7.7 - FINANCIAL SERVICES DISCLOSURE  

View history reference

Division 3 - Additional requirements for personal advice provided to a retail client  

View history reference

CCH Note: Division 3 is modified by the ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 and the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.

Subdivision C - Requirement for a Statement of Advice to be given  

View history reference

CCH Note: Subdivision C is modified by the ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 and the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.

SECTION 946A   OBLIGATION TO GIVE CLIENT A STATEMENT OF ADVICE  

View history reference

CCH Note: Section 946A is modified by the ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603 and the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.

946A(1)    
The providing entity must give the client a Statement of Advice in accordance with this Subdivision and Subdivision D .

 View history note

 Hide history note

History

S 946A(1) inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

946A(2)    
The Statement of Advice may be:

(a) the means by which the advice is provided; or

(b) a separate record of the advice.

 View history note

 Hide history note

History

S 946A(2) inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

946A(3)    

View history reference

This section has effect subject to sections 946AA and 946B .

 View history note

 Hide history note

History

S 946A(3) amended by No 101 of 2007, s 3, Sch 1, Pt 1 [ 116].

S 946A(3) inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

946A(4)    

View history reference

A person contravenes this subsection if the person contravenes subsection (1).

Note: This subsection is a civil penalty provision (see section 1317E ).

 View history note

 Hide history note

History

S 946A(4) inserted by No 17 of 2019, s 3, Sch 1 [ 85] (effective 13 March 2019).

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.