Corporations Act 2001
[ CCH Note: Div 9 heading will be amended by No 69 of 2020, s 3, Sch 1[1149], by substituting " Records " for " Registers " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
[ CCH Note: Subdiv B heading will be amended by No 69 of 2020, s 3, Sch 1[1151], by substituting " relevant providers " for " the Register of Relevant Providers " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
A notice must be lodged under this section, in accordance with section 922L, in relation to a person if, at the end of a financial services licensee ' s CPD year:
(a) the person:
(i) is the licensee; or
(ii) is authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products; and
(b) the person is a relevant provider; and
(c) the relevant provider has not complied with section 921D during the licensee ' s CPD year.
Note 1: A financial services licensee may obtain information from a relevant provider under section 922N for the purposes of determining whether to lodge a notice under this section.
Note 2: Subsection 921D(1) requires certain relevant providers to meet the continuing professional development standard in subsection 921B(5) .
922HB(2)The notice must state that the relevant provider has not complied with section 921D during the licensee ' s CPD year.
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