Document ID: chunk:federal_register_of_legislation:C2015C00050:clause:1_7
Version: federal_register_of_legislation:C2015C00050
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 23505–24144

7  Subsection 947D(1)
Repeal the subsection, substitute:
 (1) This section applies (subject to subsection (4)) if the advice is or includes a recommendation that:
 (a) the client dispose of, or reduce the client's interest in, all or part of a particular financial product and instead acquire all or part of, or increase the client's interest in, another financial product; or
 (b) the client dispose of, or reduce the client's interest in, a MySuper product offered by a regulated superannuation fund and instead acquire an interest, or increase the client's interest, in another MySuper product or a choice product offered by the fund.