Document ID: chunk:federal_register_of_legislation:C2025C00185:section:912a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 912A (pt 2/4)
Character Range: 3663352–3666384

(ii) covers complaints against the licensee made by retail clients in connection with the provision of all financial services covered by the licence; and
 (c) membership of the AFCA scheme.
 (2A) ASIC may, by legislative instrument, specify information that financial services licensees must give ASIC relating to their internal dispute resolution procedures and the operation of their internal dispute resolution procedures.
 (2B) An instrument under subsection (2A) must not specify any information that is personal information within the meaning of the Privacy Act 1988.
 (3) Regulations made for the purposes of subparagraph (2)(a)(i) may also deal with the variation or revocation of:
 (a) standards or requirements made by ASIC; or
 (b) approvals given by ASIC.

Reference Checking and Information Sharing Protocol
 (3A) ASIC may, by legislative instrument, determine a protocol for sharing and requesting information about an individual in respect of whom there are reasonable grounds to suspect that:
 (a) if the individual becomes a representative of a financial services licensee (recruiting financial services licensee), the individual will provide personal advice to retail clients about relevant financial products; or
 (b) if the individual becomes a representative of a credit licensee (recruiting credit licensee), the individual will:
 (i) provide credit assistance in relation to credit contracts secured by mortgages over residential property; and
 (ii) be a mortgage broker or a director, employee or agent of a mortgage broker; or
 (c) a mortgage intermediary (prospective mortgage intermediary) is acting, or will act, as an intermediary in relation to a credit licensee where the individual is, or is a former, current or prospective representative of, that credit licensee, and in that capacity the individual:
 (i) provides, provided or will provide credit assistance in relation to credit contracts secured by mortgages over residential property; and
 (ii) is, was or will be a mortgage broker or a director, employee or agent of a mortgage broker.
 (3AA) The Reference Checking and Information Sharing Protocol may provide for any or all of the following to share information about the individual with the recruiting financial services licensee, the recruiting credit licensee or the prospective mortgage intermediary:
 (a) if the individual is a financial services licensee—the individual;
 (b) if the individual is a former or current representative of a financial services licensee—that licensee.
 (3AB) The Reference Checking and Information Sharing Protocol may provide, in a case covered by paragraph (3A)(a), for the recruiting financial services licensee to request information about the individual from any or all of the following:
 (a) if the individual is a financial services licensee or credit licensee—the individual;
 (b) if the individual is a former or current representative of a financial services licensee—that financial services licensee;
 (c) if the individual is a former or current