Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p77
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 77/148)
Character Range: 524567–527283

eligible service if the person engages in conduct mentioned in paragraphs 766A(1)(a) to (f) of the Act.
 (3) For this regulation, a person who does any of the following provides an exempt service:
 (a) provides advice in relation to the preparation or auditing of financial reports or audit reports;
 (b) provides advice on a risk that another person might be subject to and identifies generic financial products or generic classes of financial product that will mitigate that risk, other than advice for inclusion in an exempt document or statement;
 (c) provides advice on the acquisition or disposal, administration, due diligence, establishment, structuring or valuation of an incorporated or unincorporated entity, if the advice:
 (i) is given to a person who is, or is likely to become, an interested party in the entity; and
 (ii) to the extent that it is financial product advice—is confined to advice on a decision about:
 (A) securities of a body corporate, or related body corporate, that carries on or may carry on the business of the entity; or
 (B) interests in a trust (other than a superannuation fund, a managed investment scheme that is registered or required to be registered under Part 5C.1 of the Act, or a notified foreign passport fund), the trustee of which carries on or may carry on the business of the entity in the capacity of trustee; and
 (iii) does not relate to other financial products that the body corporate or the trustee of the trust may acquire or dispose of; and
 (iv) is not advice for inclusion in an exempt document or statement;
 (d) provides advice on financial products that are:
 (i) securities in a company (other than securities that are to be offered under a disclosure document under Chapter 6D of the Act); or
 (ii) interests in a trust (other than a superannuation fund, a managed investment scheme that is registered or required to be registered under Part 5C.1 of the Act, or a notified foreign passport fund);
  if the company or trust is not carrying on a business and has not, at any time, carried on a business;
 (e) provides advice in relation to the transfer of financial products between associates;
 (f) arranges for another person to engage in conduct referred to in subsection 766C(1) in relation to interests in a self managed superannuation fund in the circumstances in paragraphs (5)(b) and (c);
 (g) arranges for another person to engage in conduct referred to in subsection 766C(1), by preparing a document of registration or transfer in order to complete administrative tasks on instructions from the person;
 (h) provides advice about the provision of financial products as security, other than where the security is provided for the acquisition