Corporations Act 2001
CHAPTER 7
-
FINANCIAL SERVICES AND MARKETS
A relevant provider must comply with subsection 921B(5) :
(a) if the relevant provider is a financial services licensee - during the licensee ' s CPD year; or
(b) if the relevant provider 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.
Subsection (1) does not apply in relation to a person if:
(a) the person is a provisional relevant provider; or
(b) the only relevant financial product in relation to which the person provides personal advice to retail clients is a time-sharing scheme.
PART 7.6
-
LICENSING OF PROVIDERS OF FINANCIAL SERVICES
Division 8A
-
Professional standards for relevant providers
Subdivision A
-
Education and training standards
SECTION 921D
RELEVANT PROVIDERS TO MEET CONTINUING PROFESSIONAL DEVELOPMENT STANDARD
921D(1)
A relevant provider must comply with subsection 921B(5) :
(a) if the relevant provider is a financial services licensee - during the licensee ' s CPD year; or
(b) if the relevant provider 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 1: Subsection 921B(5) requires a relevant provider to meet the continuing professional development standard.
Note 2: 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 section during that year.
Exemptions 921D(2)Subsection (1) does not apply in relation to a person if:
(a) the person is a provisional relevant provider; or
(b) the only relevant financial product in relation to which the person provides personal advice to retail clients is a time-sharing scheme.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.