Document ID: chunk:federal_register_of_legislation:C2025C00185:section:942c:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 942C (pt 1/4)
Character Range: 3900226–3903185

942C  Financial Services Guide given by authorised representative—main requirements
 (1) This section applies if the providing entity is an authorised representative.
 (2) Subject to subsection (3) and to the regulations (see subsection (4)), the Financial Services Guide must include the following statements and information:
 (a) a statement setting out the name and contact details of the providing entity; and
 (b) a statement setting out any special instructions about how the client may provide instructions to the providing entity; and
 (c) a statement:
 (i) setting out the name and contact details of the authorising licensee, or of each of the authorising licensees; and
 (ii) stating that the providing entity is the authorised representative of that licensee or those licensees; and
 (d) information, in relation to the authorising licensee or each of the authorising licensees, about the kinds of financial services (the authorised services) that the providing entity provides as representative of the authorising licensee, and the kinds of financial products to which those services relate; and
 (e) information about who the authorising licensee, or each of the authorising licensees, acts for when financial services are provided on their behalf by the providing entity; and
 (f) information about the remuneration (including commission) or other benefits that any of the following is to receive in respect of, or that is attributable to, the provision of any of the authorised services:
 (i) the providing entity;
 (ii) an employer of the providing entity;
 (iii) the authorising licensee, or any of the authorising licensees;
 (iv) an employee or director of the authorising licensee, or of any of the authorising licensees;
 (v) an associate of any of the above;
 (vi) any other person in relation to whom the regulations require the information to be provided; and
 (g) information about any associations or relationships between:
 (i) the providing entity, or any employer of the providing entity, and the issuers of any financial products; or
 (ii) the authorising licensee, or any of the authorising licensees, or any related body corporate of the authorising licensee or any of the authorising licensees, and the issuers of any financial products;
  being associations or relationships that might reasonably be expected to be capable of influencing the providing entity in providing any of the authorised services; and
 (ga) if the authorised services provided by the providing entity include the provision of personal advice to retail clients, and the providing entity would contravene subsection 923A(1) by assuming or using a restricted word or expression (within the meaning of subsection 923A(5)) in relation to such provision of personal advice—a statement that:
 (i) sets out that the providing entity is not independent, impartial or unbiased (which are restricted words or expressions within the meaning of subsection 923A(5))