CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

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 ).


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