Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.7 - FINANCIAL SERVICES DISCLOSURE  

Division 3 - Additional requirements for personal advice provided to a retail client  

Subdivision C - Requirement for a Statement of Advice to be given  

SECTION 946A   OBLIGATION TO GIVE CLIENT A STATEMENT OF ADVICE  

946A(1)  
The providing entity must give the client a Statement of Advice in accordance with this Subdivision and Subdivision D .

946A(2)  
The Statement of Advice may be:

(a) the means by which the advice is provided; or

(b) a separate record of the advice.

946A(3)  

This section has effect subject to sections 946AA and 946B .

946A(4)  

A person contravenes this subsection if the person contravenes subsection (1).

Note: This subsection is a civil penalty provision (see section 1317E ).