Document ID: chunk:federal_register_of_legislation:C2017A00007:clause:1_921d
Version: federal_register_of_legislation:C2017A00007
Segment Type: clause
Provision Reference: sch 1 cl 921D
Character Range: 13943–14993

921D  Relevant providers to meet continuing professional development standard
 (1) A relevant provider must comply with subsection 921B(5):
 (a) if the relevant provider is a financial services licensee—during the licensee's CPD year; or
 (b) if the relevant provider is authorised to provide personal advice to retail clients, on behalf of a financial services licensee, in relation to relevant financial products—during the licensee's CPD year.
Note 1: Subsection 921B(5) requires a relevant provider to meet the continuing professional development standard.
Note 2: Section 922HB requires a notice to be given at the end of a financial services licensee's CPD year if a relevant provider has not complied with this section during that year.

Exemptions
 (2) Subsection (1) does not apply in relation to a person if:
 (a) the person is a provisional relevant provider; or
 (b) the only relevant financial product in relation to which the person provides personal advice to retail clients is a time‑sharing scheme.

Subdivision B—Ethical standards