Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_766b:p2
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 766B (pt 2/2)
Character Range: 65829–67583

valuation that the provider suggests or recommends to the inquirer;
the acts of telling the inquirer the cost, or estimated cost, and suggesting or recommending the valuation, do not, of themselves, constitute the making of a recommendation (or the provision of any other kind of financial product advice) relating to the financial product.

 (7) If:
 (a) in response to a request made by a person (the inquirer) to another person (the provider), the provider tells the inquirer information about:
 (i) the cost of a financial product; or
 (ii) the rate of return on a financial product; or
 (iii) any other matter identified in regulations made for the purposes of this subparagraph; and
 (b) the request could also have been complied with (but was not also so complied with) by telling the inquirer equivalent information about one or more other financial products;
the act of telling the inquirer the information does not, of itself, constitute the making of a recommendation (or the provision of any other kind of financial product advice) in relation to the financial product referred to in paragraph (a).

 (8) Subsections (5), (6) and (7) are not intended to affect, in any way, the determination of whether situations not covered by those subsections do, or do not, constitute the provision of financial product advice.

 (9) In this section:

exempt document or statement means:
 (a) a document prepared, or a statement given, in accordance with requirements of this Chapter, other than:
 (i) a Statement of Advice; or
 (ii) a document or statement of a kind prescribed by regulations made for the purposes of this subparagraph; or
 (b) any other document or statement of a kind prescribed by regulations made for the purposes of this paragraph.