Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4:p39
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4 (pt 39/60)
Character Range: 920579–923458

must be made:
 (a) if the providing entity makes website disclosure information available in accordance with Division 2A of Part 7.7 of the Act—before any financial service identified in the website disclosure information is provided to the client; or
 (b) otherwise—within a reasonable time after the client is given the Financial Services Guide and before any financial service identified in the Guide is provided to the client.
 (3) For subregulation (1), the particulars must, to the extent relevant, include a statement of the range of amounts or rates of remuneration (including commission) or other benefits.
Examples:
1 Remuneration is paid within the range of $X to $Y.
2 Commission is paid at rates between X% and Y%.
 (4) The particulars mentioned in subregulation (3) must be presented in a manner that is easy for the client to understand.

7.7.04AA  Financial Services Guide given by financial services licensee: non‑monetary benefit that is not conflicted remuneration
 (1) This regulation is made for paragraph 942B(4)(b) of the Act.
 (2) Information about a non‑monetary benefit that, in accordance with paragraph 963C(1)(b) of the Act, is not conflicted remuneration is not required by paragraph 942B(2)(e) of the Act.
Note 1: Under paragraph 963C(1)(b) of the Act, if a non‑monetary benefit is given to a financial services licensee, or a representative of a financial services licensee, who provides financial advice, is less than the prescribed amount and identical or similar benefits are not given on a frequent or regular basis, the benefit is not conflicted remuneration.
Note 2: This regulation is also relevant to website disclosure information made available in accordance with Division 2A of Part 7.7 of the Act (see paragraph 943J(a) of the Act).

7.7.04AB  Financial Services Guide given by authorised representative: non‑monetary benefit that is not conflicted remuneration
 (1) This regulation is made for paragraph 942C(4)(b) of the Act.
 (2) Information about a non‑monetary benefit that, in accordance with paragraph 963C(1)(b) of the Act, is not conflicted remuneration is not required by paragraph 942C(2)(f) of the Act.
Note 1: Under paragraph 963C(1)(b) of the Act, if a non‑monetary benefit is given to a financial services licensee, or a representative of a financial services licensee, who provides financial advice, is less than the prescribed amount and identical or similar benefits are not given on a frequent or regular basis, the benefit is not conflicted remuneration.
Note 2: This regulation is also relevant to website disclosure information made available in accordance with Division 2A of Part 7.7 of the Act (see paragraph 943J(b) of the Act).

7.7.05  Record of advice given by financial services licensee
  For subparagraph 942B(2)(g)(iii) of the Act, the period within which a client may request a record of the advice to