Corporations Regulations 2001

For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if paragraph 942B(2)(g) were omitted and the following paragraph were substituted:

the statement must indicate that the client may request a record of further advice that is provided to them, if they have not already been provided with a record of that advice;

the statement must set out particulars of how the client may request such a record;

any limitation in those particulars relating to the time within which the client may request such a record must be consistent with any applicable requirements in regulations made for the purposes of this subparagraph or, if there are no such applicable requirements, must be such as to allow the client a reasonable opportunity to request a record of the advice; and”.

For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if subsection 942B(8) were omitted and the following subsection were substituted:

the Financial Services Guide includes a statement to the effect that a client may request a record of further advice; and

the client is provided with further advice to which that statement applies; and

the client has not already been provided with a record of that advice;

Failure to comply with this subsection is an offence (see subsection 1311(1)).”