Document ID: chunk:federal_register_of_legislation:F2024C01031:reg:21
Version: federal_register_of_legislation:F2024C01031
Segment Type: reg
Provision Reference: reg 21
Character Range: 30774–31408

21  Condition—statements of advice
  The condition in this section is met for an eligible financial service if, when the financial service includes providing personal advice to a person as a retail client of the provider, the provider gives each of those clients a Statement of Advice in accordance with Subdivisions C and D of Division 3 of Part 7.7 of the Act:
 (a) in relation to that personal advice; and
 (b) as if the provider were a financial services licensee for the purposes of those Subdivisions.
Note: Complying with those Subdivisions includes complying with any instruments made for the purposes of those Subdivisions.