Document ID: chunk:federal_register_of_legislation:C2017A00007:clause:1_921h
Version: federal_register_of_legislation:C2017A00007
Segment Type: clause
Provision Reference: sch 1 cl 921H
Character Range: 18760–19580

921H  Financial services licensees to ensure compliance scheme covers relevant providers
 (1) A financial services licensee must ensure that a compliance scheme covers:
 (a) if the licensee is a relevant provider—the licensee; and
 (b) in any case—any relevant provider authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products.
Note: For when a compliance scheme covers a relevant provider, see section 921J.
 (2) A compliance scheme must cover a relevant provider within 30 business days of the following:
 (a) the day the person becomes a relevant provider;
 (b) if the relevant provider was previously covered by only one compliance scheme that has ceased to cover the relevant provider—the day that scheme ceased to cover the relevant provider.