Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (67 of 2024)

Schedule 1   Delivering better financial outcomes - reducing red tape

Part 3   Financial Services Guides

Corporations Act 2001

30   After subsection 941C(5)

Insert:

Financial product advice - information is publicly available on providing entity's website

(5A) The providing entity does not have to give the client a Financial Services Guide if:

(a) the financial service provided to the client is financial product advice; and

(b) by the time the providing entity would otherwise be required to give the client a Financial Services Guide:

(i) the providing entity has made website disclosure information (see Division 2A), or something purporting to be website disclosure information, available on its website; and

(ii) the providing entity has not given (within the meaning of section 940C) the client a Financial Services Guide, or something purporting to be a Financial Services Guide.