Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4:p36
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4 (pt 36/60)
Character Range: 912671–915574

persons in relation to the services offered;
 (c) the Guide contains information on how complaints against the financial services licensee are dealt with.
 (3) In describing the purpose and content of a Statement of Advice or Product Disclosure Statement, the client's attention must be drawn to a description of the circumstances in which the Statement of Advice or Product Disclosure Statement will be given.
 (4) Subregulations (2) and (3) do not prevent the statement required under subregulation (1) from drawing attention to other matters relating to the purpose and content of the Financial Services Guide, the Statement of Advice or the Product Disclosure Statement.
 (5) The statement required under subregulation (1) must be:
 (a) presented in a manner that is easy for the client to understand; and
 (b) displayed prominently in the Financial Services Guide.
 (6) A statement is displayed prominently if it:
 (a) appears at, or close to, the front of the Financial Services Guide; and
 (b) stands out from the other information contained in the Guide.
Note: Ideally, the statement should be placed:
(a) on the inside cover or inside facing page of a paper‑based Financial Services Guide form; or
(b) in an equivalent position of a Financial Services Guide that is not provided in a paper‑based form.

7.7.03A  Financial Services Guide given by financial services licensee: arrangements for compensation
 (1) For paragraph 942B(2)(k) of the Act, the Financial Services Guide given by a financial services licensee must include a statement about:
 (a) the kind of arrangements for compensation that the licensee has in place; and
 (b) whether those arrangements satisfy the requirements under section 912B of the Act for arrangements for compensation.
Note: This regulation is also relevant to website disclosure information made available in accordance with Division 2A of Part 7.7 of the Act (see paragraph 943J(a) of the Act).
 (2) This regulation commences, for a particular financial services licensee, on the date that subregulations 7.6.02AAA(1), (2) and (3) take effect for that licensee.

7.7.04  Financial Services Guide given by financial services licensee: remuneration, commission and benefits
 (1) For paragraph 942B(2)(k) of the Act, the Financial Services Guide given by a financial services licensee must include information, to the extent that the information is able to be ascertained at the time the Financial Services Guide is given to the client, about all remuneration (including commission) and other benefits that a person (person 1) has received, or is to receive, for referring another person to the financial services licensee.
Note: This regulation is also relevant to website disclosure information made available in accordance with Division 2A of Part 7.7 of the Act (see paragraph 943J(a) of the Act).

Overview of regulation
 (2) For paragraph 942B(4)(c) of the