Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019 (50 of 2019)
Schedule 1 Amendments relating to design and distribution of financial products
Corporations Act 2001
4 After subsection 766B(3)
Insert:
(3A) However, the acts of asking for information solely to determine whether a person is in a target market (as defined in subsection 994A(1)) for a financial product, and of informing the person of the result of that determination, do not, of themselves, constitute personal advice.
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