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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.8 - OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE    View history reference

Division 4A - Special provisions relating to margin lending facilities    View history reference

Subdivision A - Responsible lending conduct for margin lending facilities    View history reference

SECTION 985F  

985F  ASSESSMENT OF UNSUITABILITY OF MARGIN LENDING FACILITY  

 View history reference
For the purposes of paragraph 985E(1)(c), the provider must make an assessment that:


(a) specifies the period the assessment covers; and


(b) assesses whether the margin lending facility will be unsuitable for the retail client if the facility is issued or the limit is increased in that period.

Note: The provider is not required to make the assessment if the margin lending facility is not issued or the limit is not increased.


 



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