A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES    View history reference

Division 9 - Registers relating to financial services    View history reference

Subdivision B - Notice requirements relating to the Register of Relevant Providers    View history reference

SECTION 922F  INFORMATION ABOUT A RELEVANT PROVIDER WHO IS NOT A FINANCIAL SERVICES LICENSEE  

 View history reference

922F(1)  

For the purposes of paragraph 922D(2)(b), the notice must include the following:


(a) the relevant provider's name;


(b) the address of the relevant provider's principal place of business;


(c) the relevant provider's date and place of birth;


(d) the name of the financial services licensee on whose behalf the relevant provider is authorised to provide personal advice to retail clients in relation to relevant financial products;


(e) the licence number given to that licensee under subsection 913C(1);


(f) if the relevant provider is a provisional relevant provider - the fact that the relevant provider is a provisional relevant provider;


(g) if the relevant provider is a provisional relevant provider - the day the relevant provider began undertaking work and training in accordance with subsection 921B(4);


(h) except in relation to provisional relevant providers-the year in which the relevant provider first provided personal advice to retail clients in relation to relevant financial products in accordance with the law (including the law of a State or Territory);


(i) if the relevant provider is a relevant provider as a result of section 916B - each of the following:


(i) the name of the authorised representative who authorised the relevant provider under that section;

(ii) the number allocated to the authorised representative by ASIC;


(j) if applicable, the ABN of any of the following:


(i) the relevant provider;

(ii) the licensee referred to in paragraph (d);

(iii) the authorised representative referred to in paragraph (i);


(k) details of both of the following:


(i) the relevant financial products in relation to which the relevant provider is authorised to provide personal advice to retail clients;

(ii) whether the relevant provider is authorised to provide class of product advice in relation to some or all of those products;


(l) the recent advising history of the relevant provider for the 5 years ending immediately before the time the notice is lodged;


(m) information about both of the following:


(i) the educational qualifications of, and any training courses completed by, the relevant provider, to the extent that the qualifications and training courses are relevant to the provision of financial services;

(ii) the relevant provider's membership (if any) of a professional association if an approval is in force under section 921K in relation to a compliance scheme monitored and enforced by the association;


(n) the name of the compliance scheme that is to cover the relevant provider.

Note: For the meaning of recent advising history, see section 922G.

Educational qualifications and memberships

922F(2)  

For the purposes of subparagraph (1)(m)(i), if a relevant provider has more than 5 educational qualifications or has completed more than 5 training courses, the notice must include the 5 qualifications or training courses that the person lodging the notice believes, on reasonable grounds, are most relevant to the provision of financial services.

Information already registered

922F(3)  

The notice does not need to include the information referred to in paragraph (1)(h), (l) or (m) if:


(a) the person required under subsection 922L(4) to cause the notice to be lodged believes on reasonable grounds that the information has previously been lodged; or


(b) the information is already entered on the Register of Relevant Providers.

Provisional relevant providers

922F(4)  

The notice does not need to include the information referred to in paragraph (1)(k) in relation to a provisional relevant provider if that information is not known at the time the notice relating to the provisional relevant provider is lodged by the licensee.

Note: A notice must be lodged under section 922H once this information is known.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page