Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 8B - Compliance schemes  

Subdivision A - Compliance schemes to cover relevant providers  

SECTION 921H   FINANCIAL SERVICES LICENSEES TO ENSURE COMPLIANCE SCHEME COVERS RELEVANT PROVIDERS  

921H(1)  
A financial services licensee must ensure that a compliance scheme covers:

(a) if the licensee is a relevant provider - the licensee; and

(b) in any case - any relevant provider authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products.

Note: For when a compliance scheme covers a relevant provider, see section 921J .

921H(2)  
A compliance scheme must cover a relevant provider within 30 business days of the following:

(a) the day the person becomes a relevant provider;

(b) if the relevant provider was previously covered by only one compliance scheme that has ceased to cover the relevant provider - the day that scheme ceased to cover the relevant provider.