Document ID: chunk:federal_register_of_legislation:F2024C00736:body:0:p5
Version: federal_register_of_legislation:F2024C00736
Segment Type: other
Provision Reference: 
Character Range: 11847–15090

relation to a financial services licensee and an authorised representative of a financial services licensee as if section 940C were modified or varied as follows:

           (a) after subparagraph (1)(a)(ii) insert:

              "(iia) made available to the client, or the client's agent, by a nominated electronic means; or"; and

           (b) after subparagraph (2)(b)(ii) insert:

              "(iib) made available to the client, or the client's agent, by a nominated electronic means; or".

        (3) Part 7.7 of the Act applies in relation to a financial services licensee and an authorised representative of a financial services licensee as if regulation 7.7.01 of the Regulations were modified or varied as follows:

            (a) in subregulation (2) omit "Financial Services Guide", substitute "Financial Services Guide, a Supplementary Financial Services Guide";

            (b) after subregulation (2) insert:

               "(2A) Subregulation (2) does not apply to a Financial Services Guide, a Supplementary Financial Services Guide or a Statement of Advice that is made available to a person, or a person's agent, by a nominated electronic means.".

       Product Disclosure Statements

       (4) Part 7.9 of the Act applies in relation to a financial product in relation to which a Product Disclosure Statement, Supplementary Product Disclosure Statement or Replacement Product Disclosure Statement is required or prepared as if subsection 1015C(1) were modified or varied as follows:

          (a) in subparagraph (a)(ii) omit "and", substitute "or";

          (b) after subparagraph (a)(ii) insert:

              "(iii)  made available to the person, or the person's agent, by a nominated electronic means; and".

        (5) Part 7.9 of the Act applies in relation to a financial product in relation to which a Product Disclosure Statement, Supplementary Product Disclosure Statement or Replacement Product Disclosure Statement is required or prepared as if regulation 7.9.02A of the Regulations were modified or varied by, after subregulation (1), inserting:

           "(1A) For the avoidance of doubt, subregulation (1) does not apply to a Statement that is made available to a person, or a person's agent, by a nominated electronic means.".

       CGS depository interest statements

       (6) Part 7.9 of the Act applies in relation to a CGS depository interest as if subsection 1020AK(1) were modified or varied as follows:

          (a) in subparagraph (a)(ii) omit "and", substitute "or";

          (b) after subparagraph (a)(ii) insert:

              "(iii)  made available to the person, or the person's agent, by a nominated electronic means; or

              (iv) made available to the person in any other way that:

                 (A) is agreed to by the person; and

                 (B) allows the regulated person to be satisfied, on reasonable grounds, that the person has received the information statement; or

              (v) made available to the person's agent in any other way that:

                  (A) is agreed to by the agent; and

                  (B) allows the regulated person to be satisfied, on reasonable grounds, that the agent has