Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_942c:p1
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 942C (pt 1/3)
Character Range: 373477–376432

942C  Financial Services Guide given by authorised representative—main requirements

 (1) This section applies if the providing entity is an authorised representative.

 (2) Subject to subsection (3) and to the regulations (see subsection (4)), the Financial Services Guide must include the following statements and information:
 (a) a statement setting out the name and contact details of the providing entity; and
 (b) a statement setting out any special instructions about how the client may provide instructions to the providing entity; and
 (c) a statement:
 (i) setting out the name and contact details of the authorising licensee, or of each of the authorising licensees; and
 (ii) stating that the providing entity is the authorised representative of that licensee or those licensees; and
 (d) information, in relation to the authorising licensee or each of the authorising licensees, about the kinds of financial services (the authorised services) that the providing entity provides as representative of the authorising licensee, and the kinds of financial products to which those services relate; and
 (e) information about who the authorising licensee, or each of the authorising licensees, acts for when financial services are provided on their behalf by the providing entity; and
 (f) information about the remuneration (including commission) or other benefits that any of the following is to receive in respect of, or that is attributable to, the provision of any of the authorised services:
 (i) the providing entity;
 (ii) an employer of the providing entity;
 (iii) the authorising licensee, or any of the authorising licensees;
 (iv) an employee or director of the authorising licensee, or of any of the authorising licensees;
 (v) an associate of any of the above;
 (vi) any other person in relation to whom the regulations require the information to be provided; and
 (g) information about any associations or relationships between:
 (i) the providing entity, or any employer of the providing entity, and the issuers of any financial products; or
 (ii) the authorising licensee, or any of the authorising licensees, or any related body corporate of the authorising licensee or any of the authorising licensees, and the issuers of any financial products;
  being associations or relationships that might reasonably be expected to be capable of influencing the providing entity in providing any of the authorised services; and
 (h) if the providing entity, when acting as representative of the authorising licensee or any of the authorising licensees, provides execution‑related telephone advice (see section 946B)—a statement in relation to which the following requirements are satisfied:
 (i) the statement must indicate that the client may request a record of execution‑related telephone advice that is provided to them, if they have not already been provided with a record of that advice;
 (ii) the statement must set out particulars