Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1023d:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1023D (pt 2/2)
Character Range: 4550533–4551472

for notifying retail clients.

Restrictions on product intervention orders
 (4) A product intervention order must not specify any of the following for subsection (1) or (3):
 (a) a condition that a person satisfy a standard of training, or meet a professional standard, other than a standard otherwise prescribed for the person by or under this Act;
 (b) a condition that a person who is not required to hold an Australian financial services licence become a member of an external dispute resolution scheme;
 (c) a condition related to a person's remuneration, other than a condition related to:
 (i) so much of the person's remuneration as is conditional on the achievement of objectives directly related to the financial product; or
 (ii) a fee, charge or other consideration paid or payable to the person by a retail client.
 (5) Conduct covered by a product intervention order must be limited to conduct in relation to a retail client.