Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p29
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 29/43)
Character Range: 774772–777525

person (person 1) to another person (person 2) in the following circumstances:
 (i) person 1 is not in this jurisdiction;
 (ii) person 2 is in this jurisdiction;
 (iii) the service consists only of 1 or more of:
 (A) the provision of financial product advice to person 2; and
 (B) person 1 making a market; and
 (C) the provision of a custodial or depositary service to person 2;
 (iv) person 1 is:
 (A) a related body corporate of a financial services licensee whose financial services licence covers the provision of the service; or
 (B) a party to a business joint venture with a financial services licensee whose financial services licence covers the provision of the service;
 (v) the financial services licensee arranges for person 1 to provide the service;
 (vi) the financial service licensee's licence is subject to a condition requiring it to assume responsibility for the conduct of person 1 in the provision of the financial service mentioned in this paragraph;
 (o) a financial service that is the provision of financial product advice in the following circumstances:
 (i) the advice is only general advice in relation to a financial product or class of financial products;
 (ii) the advice is provided by the product issuer of the financial product or class of financial products;
 (iii) the advice is provided in the media;
 (iv) the product issuer provides the following information:
 (A) the advice has been prepared without taking account of the client's objectives, financial situation or needs;
 (B) for that reason, the client should, before acting on the advice, consider the appropriateness of the advice, having regard to the client's objectives, financial situation and needs;
 (C) if the advice relates to the acquisition, or possible acquisition, of a particular financial product, the client should obtain a Product Disclosure Statement relating to the product and consider the Statement before making any decision about whether to acquire the product;
 (oa) the provision of financial product advice if the advice:
 (i) is provided by an actuary in the ordinary course of providing actuarial services; and
 (ii) could not reasonably be expected to be included in a document that is to be given to a retail client; and
 (iii) is provided to:
 (A) a wholesale client; or
 (B) the Commonwealth, a State or a Territory; or
 (C) an exempt public authority;
 (p) a financial service provided by a person in the following circumstances:
 (i) the financial service relates to insurance entered into, or proposed to be entered into, for the purposes of a law (including a law of a State or Territory) that relates to workers compensation;
 (ii) the person is licensed to provide the service under the law of the State or Territory in