Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_941f
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 941F
Character Range: 366564–367649

941F  Obligation to give updated Financial Services Guide

  If:
 (a) the Financial Services Guide is given to the client before the financial service is provided; and
 (b) the following conditions are satisfied:
 (i) there is a change in circumstances before the service is provided, and the Financial Services Guide does not contain the information it would be required to contain if it were given to a person immediately after that change;
 (ii) the fact that the Financial Services Guide does not contain the up to date information is materially adverse from the point of view of a reasonable person deciding, as a retail client, whether to proceed to be provided with the financial service;
the providing entity must, before the service is provided, give the client:
 (c) another Financial Services Guide that contains the up to date information before the service is provided; or
 (d) a Supplementary Financial Services Guide (see Subdivision C) that updates the information in the Financial Services Guide.

Subdivision B—Content and authorisation of Financial Services Guide