Document ID: chunk:federal_register_of_legislation:C2019A00017:clause:1_952h
Version: federal_register_of_legislation:C2019A00017
Segment Type: clause
Provision Reference: sch 1 cl 952H
Character Range: 35914–36785

952H  Financial services licensee failing to ensure authorised representative gives disclosure documents or statements as required

Obligation
 (1) A financial services licensee contravenes this subsection if the licensee does not take reasonable steps to ensure that an authorised representative of the licensee:
 (a) complies with their obligations under this Part to give disclosure documents or statements as and when required; and
 (b) without limiting paragraph (a), does not, in purported compliance with obligations under this Part, give disclosure documents or statements that are defective.

Fault‑based offence
 (2) A person commits an offence if the person contravenes subsection (1).

Civil liability
 (3) A person contravenes this subsection if the person contravenes subsection (1).
Note: This subsection is a civil penalty provision (see section 1317E).