Document ID: chunk:federal_register_of_legislation:F2024C00963:body:0:p2
Version: federal_register_of_legislation:F2024C00963
Segment Type: other
Provision Reference: 
Character Range: 2846–5658

Services Guide:
(a) must be given in a way required by section 940C of the Act; and
(b) must be given at the same time required by subsection 941D(1) of the Act; and
(c) must have a title in accordance with subsection 942A(1) of the Act; and
(d) must not be combined with a Product Disclosure Statement in contravention of subsection 942DA(3) of the Act.

Expert reports
(2) A financial services licensee (the expert) or an authorised representative (the expert) of a financial services licensee that, acting in their capacity as an expert, provides general advice in a report or statement (the expert's report) that is included in a document (the principal document) prepared by or on behalf of another person (the principal) does not have to comply with subsection 941A(1) or 941B(1) of the Act in relation to a Financial Services Guide that the expert must give in relation to the provision of the advice, provided all of the following are satisfied:
(a) the expert is neither:
(i) the person who prepared the principal document; or
(ii) an employee or a director of the principle;
           (b) the expert's report:
(i) forms a separate and clearly identifiable part of the principal document; and
(ii) bears an expression at or near the front of the report that makes to clear that it is both an expert's report and a Financial Services Guide;
           (c) the Financial Services Guide forms a separate and clearly identifiable part of the expert's report.
           (d) the principal document prominently discloses the following information:
(i) the respective names of:
(A) the expert;
(B) the principal; and
(C) the person for whom, or on whose behalf, the expert's report was prepared.
Note: The person for whom, or on whose behalf, the expert's report was prepared may or may not be the principal.
(ii) the nature of the relationship between expert and:
                  (A) the principal; and
                  (B) the person for whom, or on whose behalf, the expert's report was prepared;
(iv) the extent of the liability of the expert in relation to the principal document and the expert's report.
    Arrangers acting under intermediary authorisations
(3) A financial services licensee (the intermediary) or an authorised representative (the intermediary) of a financial services licensee that provides a financial service consisting of arranging for the issue of a financial product by a person (the product provider) under an intermediary authorisation does not have to comply with subsection 941A(1) or 941B(1) of the Act in relation to a Financial Services Guide that the intermediary must give in relation to the provision of the financial service, provided both of the following are satisfied:
(a) the Financial Services Guide:
              (i) forms a separate and clearly identifiable