Document ID: chunk:federal_register_of_legislation:C2025C00185:section:942b:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 942B (pt 1/3)
Character Range: 3893110–3896044

942B  Financial Services Guide given by financial services licensee—main requirements
 (1) This section applies if the providing entity is a financial services licensee.
 (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) information about the kinds of financial services (the authorised services) that the providing entity is authorised by its licence to provide, and the kinds of financial products to which those services relate; and
 (d) information about who the providing entity acts for when providing the authorised services; and
 (e) 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) a related body corporate of the providing entity;
 (iii) a director or employee of the providing entity or a related body corporate;
 (iv) an associate of any of the above;
 (v) any other person in relation to whom the regulations require the information to be provided;
 (f) information about any associations or relationships between the providing entity, or any related body corporate, 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
 (fa) 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)) in relation to the provision of personal advice, and explains the reasons why; and
 (ii) if any other word or expression has been specified as a restricted word or expression in regulations made for the purposes of subparagraph 923A(5)(a)(ii)—sets out that the providing entity is not able to assume or use the restricted word or expression in relation to the provision of personal advice, and explains the reasons why; and
 (iii) meets the requirements (if any) determined in an instrument under subsection (7A); and
 (g) if the providing entity provides further market‑related advice (see subsection 946B(1)) or advice to which subsection 946B(7) applies—a statement in relation to which the following