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 7.9A - PRODUCT INTERVENTION ORDERS  

SECTION 1023N   PRODUCT INTERVENTION ORDERS MAY REQUIRE NOTIFICATION  

1023N(1)  
A product intervention order in relation to a financial product may:


(a) require that a specified person who has:


(i) dealt in, or dealt in a specified way in, a financial product in relation to a retail client; or

(ii) provided financial product advice, or a specified kind of financial product advice, to a retail client in relation to a financial product;

take reasonable steps to notify the retail client:


(iii) of the terms of the order; and

(iv) of any other matter specified in regulations made for the purposes of this subparagraph; and


(b) specify requirements in relation to giving those notifications (including requirements as to the periods within which to give those notifications).

1023N(2)  
In this section, dealing in a financial product has the meaning given by subsection 994A(1) .


 

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