Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p37
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 37/43)
Character Range: 795394–798168

in which there is a pre‑existing relationship between any of a funder, a lawyer and a general member;
 (vii) reviewing the terms of a funding agreement to ensure the terms are consistent with Division 2 of Part 2 of the Australian Securities and Investments Commission Act 2001;
 (viii) recruiting prospective general members; and
 (e) the terms of the funding agreement are reviewed to ensure the terms are consistent with Division 2 of Part 2 of the Australian Securities and Investments Commission Act 2001; and
 (f) the matters mentioned in paragraphs (a) to (e) are implemented, monitored and managed by:
 (i) if the person is an entity other than an individual—the senior management or partners of the person; or
 (ii) if the person is an individual that represents an entity—the senior management or partners of the entity.

7.6.01A  Providing financial services on behalf of a person who carries on a financial services business
  For subparagraph 911B(1)(c)(iv) of the Act, travellers' cheques are prescribed.

7.6.01B  Need for Australian financial services licence: financial product advice provided by the media
 (1) For paragraph 911A(5)(a) of the Act, the exemptions from the requirement to hold an Australian financial services licence provided for in paragraphs 911A(2)(ea), (eb) and (ec) apply subject to the condition that a person mentioned in any of those paragraphs, or a representative of a person mentioned in any of those paragraphs, who provides financial product advice states the following matters, to the extent to which they would reasonably be expected to influence, or be capable of influencing, the provision of the financial product advice:
 (a) any remuneration the person or the person's representative is to receive for providing the advice;
 (b) any pecuniary or other interest that the provider of the advice, or an associate of the provider, has in relation to the advice, if the provider of the advice, or an associate of the provider, would be likely to obtain a material financial benefit, or avoid a material financial loss, if the advice were acted upon.
 (2) The statement mentioned in subregulation (1) must be presented in a way that:
 (a) will adequately bring it to the attention of a reasonable person who may read or hear the financial product advice to which the statement relates; and
 (b) is easy for a reasonable person to understand.
 (3) Subregulation (1) does not apply if:
 (a) a person mentioned in paragraph 911A(2)(ea), (eb) or (ec) of the Act, and the person's representatives:
 (i) comply with an industry code of practice; or
 (ii) comply with the Statement of Principles laid down by the Australian Press Council; or
 (iii) are subject to an internal policy that is approved by the board or governing body of