Corporations Amendment Regulations 2007 (No. 12) (324 of 2007)

Schedule 2   Amendments commencing on commencement of items 218 and 219 of Schedule 1 to the Corporations Legislation Amendment (Simpler Regulatory System) Act 2007

[2]   Subregulation 7.7.02 (2)

substitute

(2) For subsection 941C (4) of the Act:

(a) providing general advice to the public, or a section of the public, at an event organised by or for financial services licensees to which retail clients are invited is prescribed; and

(b) a broadcast of general advice to the public, or a section of the public, that may be viewed or heard by any person is prescribed; and

(c) distributing or displaying promotional material that:

(i) provides general advice to the public, or a section of the public; and

(ii) is available in a place that is accessible to the public is prescribed.

Examples

1 Television or radio broadcasts.

2 Distributing promotional material contained in newspapers and magazines.

3 Sending a broadcast via an Internet website or webcast.

4 Giving a public lecture or seminar for retail clients, including employees of a workplace.

Note If general advice is given to the public, or a section of the public, the requirements of subsection 941C (5) of the Act must be complied with. Additionally, if general advice is provided to 1 or more retail clients, the providing entity must comply with section 949A of the Act.