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 subsection 946B(9) of the Act, a record of advice must set out the following: (a) the investment advice given to a client by the providing entity; (b) brief particulars of the recommendations made to the client and the basis on which the recommendations are made; (c) if the providing entity is a financial services licensee - the information that, if a Statement of Advice were to be given, would be required in that Statement by paragraphs 947B(2)(d) and (e) of the Act; (d) if the providing entity is an authorised representative - the information that, if a Statement of Advice were to be given, would be required in that Statement by paragraphs 947C(2)(e) and (f) of the Act.
Note: A client is entitled to ask the providing entity for a record of advice under subsections 942B(8) and 942C(8) (Financial Services Guides) and section 943N (website disclosure information) of the Act.
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