Document ID: chunk:federal_register_of_legislation:C2019A00050:clause:2_1023d:p2
Version: federal_register_of_legislation:C2019A00050
Segment Type: clause
Provision Reference: sch 2 cl 1023D (pt 2/2)
Character Range: 56667–57504

for notifying retail clients.

Restrictions on product intervention orders
 (4) A product intervention order must not specify any of the following for subsection (1) or (3):
 (a) a condition that a person satisfy a standard of training, or meet a professional standard, other than a standard otherwise prescribed for the person by or under this Act;
 (b) a condition that a person who is not required to hold an Australian financial services licence become a member of an external dispute resolution scheme;
 (c) a condition related to a person's remuneration, other than a condition related to so much of the person's remuneration as is conditional on the achievement of objectives directly related to the financial product.
 (5) Conduct covered by a product intervention order must be limited to conduct in relation to a retail client.