Allocation of funds available for investment
7.1.33A Allocation of funds available for investment
For paragraph 766A(2)(b) of the Act, a circumstance in which a person is taken not to provide a financial service within the meaning of paragraph 766A(1)(a) of the Act is the provision of a service that consists only of a recommendation or statement of opinion provided to a person about the allocation of the person’s funds that are available for investment among 1 or more of the following:
shares;
debentures;
debentures, stocks or bonds issued, or proposed to be issued, by a government;
deposit products;
managed investment products;
foreign passport fund products;
investment life insurance products;
superannuation products;
other types of asset.
This regulation does not apply to a recommendation or statement of opinion that relates to specific financial products or classes of financial products.
This Act’s bill:Explanatory statement
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