Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For paragraphs 947B(4)(b) and 947C(4)(b) of the Act, a providing entity is not required to include a statement or information mentioned in Part 7.7 of the Act in a Statement of Advice to the client if the Statement of Advice:
(a) refers to the statement or information; and
(b) provides sufficient details about the statement or information to enable the client:
(i) to identify by a unique identifier the document, or part of the document, that contains the statement or information; and
(ii) to decide whether or not to read the statement or information or obtain a copy of the statement or information; and
(c) states that a copy of the statement or information may be obtained from the providing entity on request, at no charge.
Subject to subregulation (3), the providing entity must give the client the document, or part of the document (whichever is applicable), unless the providing entity has already given the document or part of the document to the client.
7.7.09B(3) [ Who may provide document]If the providing entity is an authorised representative of an Australian financial services licensee, the document, or part of the document (whichever is applicable), may be provided to the client:
(a) by another authorised representative appointed by and acting on behalf of the licensee; or
(b) by the licensee. 7.7.09B(4) [ Copy must be provided on request]
If the client requests a copy of a statement or information that the providing entity is not required to include in accordance with subregulation (1), the providing entity must provide the copy as soon as practicable, at no charge.
7.7.09B(5) [ Statement taken to be included]If a statement or information is not required to be included in a Statement of Advice because of subregulation (1), the statement or information is taken to be included in the Statement of Advice.
7.7.09B(6)The exemption in subregulation (1) does not apply to a statement or information that is required by section 947D or 961H of the Act.
7.7.09B(7)
(Repealed by SLI 2012 No 268, Sch 2[1] (effective 1 July 2013).)
7.7.09B(8)
(Repealed by SLI 2012 No 268, Sch 2[1] (effective 1 July 2013).)
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