Corporations Act 2001
CCH Note: Part 7.6 (other than Divs 4 and 8) is modified by ASIC Corporations (Financial Requirements for Corporate Directors of Retail Corporate Collective Investment Vehicles) Instrument 2022/449.
A relevant provider must meet the education and training standard in subsection 921B(2) . Exam 921BA(2)
A relevant provider must meet the education and training standard in subsection 921B(3) . Work and training 921BA(3)
A relevant provider must either: (a) meet the education and training standard in subsection 921B(4) ; or (b) be undertaking work and training in accordance with that subsection. Continuing professional development 921BA(4)
A relevant provider must comply with subsection 921B(5) : (a) in the case of a relevant provider who is a financial services licensee - during the licensee ' s CPD year; or (b) in the case of a relevant provider who is authorised to provide personal advice to retail clients, on behalf of a financial services licensee, in relation to relevant financial products - during the licensee ' s CPD year.
Note: Section 922HB requires a notice to be given at the end of a financial services licensee ' s CPD year if a relevant provider has not complied with this subsection during that year.Civil liability 921BA(5)
A person contravenes this subsection if the person contravenes subsection (1) , (2) , (3) or (4) .
Note 3: Exemptions apply in relation to certain relevant providers (see section 921BC ).