Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 9 - Registers relating to financial services  

Subdivision B - Notice requirements relating to the Register of Relevant Providers  

SECTION 922HB   OBLIGATION TO NOTIFY ASIC OF NON-COMPLIANCE WITH CONTINUING PROFESSIONAL DEVELOPMENT STANDARD  

922HB(1)  
A notice must be lodged under this section, in accordance with section 922L, in relation to a person if, at the end of a financial services licensee ' s CPD year:


(a) the person:


(i) is the licensee; or

(ii) is authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products; and


(b) the person is a relevant provider; and


(c) the relevant provider has not complied with section 921D during the licensee ' s CPD year.

Note 1: A financial services licensee may obtain information from a relevant provider under section 922N for the purposes of determining whether to lodge a notice under this section.

Note 2: Subsection 921D(1) requires certain relevant providers to meet the continuing professional development standard in subsection 921B(5) .

922HB(2)  
The notice must state that the relevant provider has not complied with section 921D during the licensee ' s CPD year.


 

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