Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4:p2
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4 (pt 2/49)
Character Range: 986033–988846

paragraph 951C(1)(a) of the Act, a providing entity does not have to provide the information mentioned in paragraph 947B(2)(h) of the Act, in the form required by that paragraph, in a Statement of Advice prepared before 1 January 2005.
 (3) For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if paragraph 947C(2)(i) of the Act were modified to read as follows:
 '(i) unless in accordance with the regulations and a determination by ASIC, information to be disclosed in accordance with paragraph (e) and subparagraph (f)(i) must be stated as amounts in dollars.'.
 (4) For paragraph 951C(1)(a) of the Act, a providing entity does not have to provide the information mentioned in paragraph 947C(2)(i) of the Act, in the form required by that paragraph, in a Statement of Advice prepared before 1 January 2005.
 (5) For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if paragraph 947D(2)(d) of the Act were modified to read as follows:
 '(d) unless in accordance with the regulations and a determination by ASIC, information to be disclosed in accordance with paragraph (a) must be stated as amounts in dollars.'.
 (6) For paragraph 951C(1)(a) of the Act, a providing entity does not have to provide the information mentioned in paragraph 947D(2)(d) of the Act, in the form required by that paragraph, in a Statement of Advice prepared before 1 January 2005.

7.7.10B  Insertion of definition—further advice
  For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if the following definition were inserted in section 9:
"further advice means advice to which subsection 946B(2) or (2A) applies."

7.7.10C  Omission of definition—further market‑related advice
  For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if the definition of "further market‑related advice" were omitted from section 9.

7.7.10D  Additional information in Statement of Advice
  For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if subsection 947D(2) of the Act were modified by omitting "Statement of Advice" and substituting "Statement of Advice or the record of advice under subsection 946B(3A), as the case requires,".

7.7.10E  Additional information in Statement of Advice
  For paragraph 951C(1)(c) of the Act, Part 7.7 of the Act applies as if subsection 947D(3) of the Act were modified by omitting "Statement of Advice" and substituting "Statement of Advice or the record of advice under subsection 946B(3A), as the case requires".

7.7.11  Statement of Advice given by financial services licensee
 (1) For paragraph 947B(2)(g) of the Act, a Statement of Advice given by a financial services licensee must include information about all remuneration (including commission) and other benefits that a person (person 1) has received, or is to receive, for