Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p24
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 24/43)
Character Range: 762236–765053

providers of financial services

7.6.01  Need for Australian financial services licence: general
 (1) For paragraph 911A(2)(k) of the Act, the provision of the following services is covered by an exemption from the requirement to hold an Australian financial services licence:
 (b) dealing in a financial product by a person in the capacity of the trustee of a pooled superannuation trust in the following circumstances:
 (i) the pooled superannuation trust is used for investment of the assets of a regulated superannuation fund;
 (ii) the regulated superannuation fund has net assets of at least $10 million on the date that it first invests in the pooled superannuation trust;
 (ba) a superannuation trustee service provided by the trustee of a pooled superannuation trust in the circumstances set out in paragraph (b);
 (c) dealing in a financial product by a person in the capacity of the trustee of a pooled superannuation trust in the following circumstances:
 (i) the pooled superannuation trust is used for investment of the assets of a regulated superannuation fund;
 (ii) the regulated superannuation fund has net assets of at least $5 million, but less than $10 million, on the date that it first invests in the pooled superannuation trust (whether that date is before or after the FSR commencement);
 (iii) the trustee has a reasonable expectation that the net assets of the regulated superannuation fund will equal or exceed $10 million not later than 3 months of the date on which it first invests in the pooled superannuation trust (whether that date is before or after the FSR commencement);
 (ca) a superannuation trustee service provided by the trustee of a pooled superannuation trust in the circumstances set out in paragraph (c);
 (d) dealing in a financial product by a person in the capacity of the trustee of a pooled superannuation trust in circumstances in which the pooled superannuation trust is not used for the investment of the assets of a regulated superannuation fund;
 (da) a superannuation trustee service provided by the trustee of a pooled superannuation trust in the circumstances set out in paragraph (d);
 (db) dealing in a financial product by a person in the capacity of the trustee of a registrable superannuation entity in the ordinary course of operation of the registrable superannuation entity (other than a financial product that is an interest in the registrable superannuation entity);
 (e) a financial service provided by a person (person 1) in the following circumstances:
 (i) the service consists only of:
 (A) informing a person (person 2) that a financial services licensee, or a representative of the financial services licensee, is able to provide a particular financial service, or a class of financial services; and
 (B) giving person 2 information about