Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p30
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 30/43)
Character Range: 777308–779985

be entered into, for the purposes of a law (including a law of a State or Territory) that relates to workers compensation;
 (ii) the person is licensed to provide the service under the law of the State or Territory in which the service is provided;
Example: The activities of a licensed insurer under the Workers Compensation Act 1987 of New South Wales.
Note: A licensed insurer would require an Australian financial services licence to the extent that the licensed insurer provides a financial service in respect of a non‑workers compensation product or a non‑workers compensation component of a product.
 (pa) a financial service provided to a wholesale client by a body that:
 (i) is not a company; and
 (ii) is established or constituted under a law of the Commonwealth or a State or Territory; and
 (iii) is required under a law of the Commonwealth or a State or Territory to carry on the business of insurance or to undertake liability under a contract of insurance; and
 (iv) is regulated for the provision of insurance under a law of the Commonwealth or a State or Territory;
 (q) a financial service provided by a person in the following circumstances:
 (i) the financial service consists only of the variation or disposal of a financial product by the person;
 (ii) the person also issued the original product;
 (iii) the person provides the financial service under the terms of the financial product;
 (r) a financial service that is a dealing (or arranging for a dealing) in:
 (i) a debenture; or
 (ii) a legal or equitable right or interest in a debenture; or
 (iii) an option to acquire, by way of issue or transfer, a debenture or a legal or equitable right or interest in a debenture;
  by the issuer of the debenture, the legal or equitable right or interest or the option;
 (s) the provision of financial product advice if the advice:
 (i) is provided to a financial services licensee; and
 (ii) is only general advice in relation to a financial product or a class of financial products; and
 (iii) is advice that the financial services licensee is authorised to provide; and
 (iv) is provided by:
 (A) the product issuer; or
 (B) a related body corporate of the product issuer;
 (t) advising in relation to, or dealing in, a medical indemnity insurance product;
 (ta) a financial service provided by a person in the following circumstances:
 (i) the financial service is providing financial product advice in relation to a friendly society funeral product, or dealing in a friendly society funeral product;
 (ii) the person is a funeral services entity, or an employee, director or other officer of a funeral services entity;
 (iii) the financial service is