Document ID: chunk:federal_register_of_legislation:C2025C00185:section:942c:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 942C (pt 2/4)
Character Range: 3902917–3905747

the meaning of subsection 923A(5)) in relation to such provision of personal advice—a statement that:
 (i) sets out that the providing entity is not independent, impartial or unbiased (which are restricted words or expressions within the meaning of subsection 923A(5)) in relation to the provision of personal advice, and explains the reasons why; and
 (ii) if any other word or expression has been specified as a restricted word or expression in regulations made for the purposes of subparagraph 923A(5)(a)(ii)—sets out that the providing entity is not able to assume or use the restricted word or expression in relation to the provision of personal advice, and explains the reasons why; and
 (iii) meets the requirements (if any) determined in an instrument under subsection (7A); and
 (h) if the providing entity, when acting as representative of the authorising licensee or any of the authorising licensees, provides further market‑related advice (see subsection 946B(1)) or advice to which subsection 946B(7) applies—a statement in relation to which the following requirements are satisfied:
 (i) the statement must indicate that the client may request a record of that advice, if they have not already been provided with a record of that advice;
 (ii) the statement must set out particulars of how the client may request such a record;
 (iii) any limitations in those particulars on the time within which the client may request such a record must be consistent with any applicable requirements in regulations made for the purposes of this subparagraph or, if there are no such applicable requirements, must be such as to allow the client a reasonable opportunity to request a record of the advice; and
 (i) information about the dispute resolution system that covers complaints by persons to whom the providing entity provides financial services when acting as representative of the authorising licensee or any of the authorising licensees, and about how that system may be accessed; and
 (j) if the providing entity acts under a binder in providing any of the authorised services—a statement that:
 (i) identifies the services provided under the binder; and
 (ii) states that they are provided under a binder; and
 (iii) explains the significance of the services being provided under a binder; and
 (k) if the providing entity, or the authorising licensee or any of the authorising licensees, is a participant in a licensed market or a licensed CS facility—a statement that the providing entity or authorising licensee is a participant in that market or facility; and
 (l) a statement to the effect that the distribution of the Financial Services Guide by the providing entity has been authorised by the authorising licensee, or by each of the authorising licensees; and
 (m) any other statements or information required by