Corporations Act 2001
[ CCH Note: Div 9 heading will be amended by No 69 of 2020, s 3, Sch 1, 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, 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 person must provide information to a financial services licensee in accordance with this section if:
(a) the person is a relevant provider; and
(b) the person has been authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products; and
(c) the licensee has asked the person to provide the information so that the licensee can:
(i) comply with its obligation to lodge a notice relating to the person in accordance with section 922D ; or
(ii) comply with its obligation to lodge, under section 922H , a notice relating to the person for the purposes of section 921H ; or
(iii) determine whether the licensee has an obligation to lodge a notice under section 922HB .
Note: A person may commit an offence or contravene a civil penalty provision if the person gives false or misleading information (see section 1308 of this Act and section 137.1 of the Criminal Code ).
The information must be given to the licensee within a period that allows the licensee to comply with the obligation referred to in paragraph (1)(c).