Document ID: chunk:federal_register_of_legislation:C2020A00135:clause:7_8
Version: federal_register_of_legislation:C2020A00135
Segment Type: clause
Provision Reference: sch 7 cl 8
Character Range: 90574–91384

8  After subsection 766B(7)
Insert:
 (7A) A recommendation or a statement of opinion, or a report of either of those things, is not financial product advice if giving the recommendation, statement of opinion or report could reasonably be regarded as a necessary part of providing a claims handling and settling service.
 (7B) The regulations may prescribe:
 (a) circumstances in which giving a recommendation, statement of opinion or report could reasonably be regarded as a necessary part of providing a claims handling and settling service for the purposes of subsection (7A); and
 (b) circumstances in which giving a recommendation, statement of opinion or report could not reasonably be regarded as a necessary part of providing a claims handling and settling service for the purposes of subsection (7A).