Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

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.


 

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