CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.7 - FINANCIAL SERVICES DISCLOSURE  

Division 2 - Person provided with financial service as retail client to be given a Financial Services Guide  

Subdivision A - Requirement for a Financial Services Guide to be given  

SECTION 941F   941F   OBLIGATION TO GIVE UPDATED FINANCIAL SERVICES GUIDE  


If:


(a) the Financial Services Guide is given to the client before the financial service is provided; and


(b) the following conditions are satisfied:


(i) there is a change in circumstances before the service is provided, and the Financial Services Guide does not contain the information it would be required to contain if it were given to a person immediately after that change;

(ii) the fact that the Financial Services Guide does not contain the up to date information is materially adverse from the point of view of a reasonable person deciding, as a retail client, whether to proceed to be provided with the financial service;

the providing entity must, before the service is provided, give the client:


(c) another Financial Services Guide that contains the up to date information before the service is provided; or


(d) a Supplementary Financial Services Guide (see Subdivision C ) that updates the information in the Financial Services Guide.


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