Document ID: chunk:federal_register_of_legislation:F2023C00928:reg:8:p33
Version: federal_register_of_legislation:F2023C00928
Segment Type: reg
Provision Reference: reg 8 (pt 33/34)
Character Range: 99485–102652

that it requires the MDA provider to hold an Australian financial services licence covering dealing by issuing:
(a) interests in managed investment schemes limited to a right to receive MDA services; or
(b) miscellaneous financial investment products limited to a right to receive MDA services.

           Note:  ASIC Corporations (Miscellaneous Technical Relief) Instrument 2015/1115 provides relief from subsections 911A(1) and 911B(1) of the Act to a person who provides financial services on behalf of a person who does not need an Australian financial services licence because of an exemption made under section 926A of the Act.
(2) The exemption in subsection (1) applies where the MDA provider holds an Australian financial services licence that:
           (a) authorises the MDA provider to deal in a financial product by applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of:
(i) interests in managed investment schemes limited to a right to receive MDA services; or
              (ii) miscellaneous financial investment products limited to a right to receive MDA services; and
           (b) does not authorise the MDA provider to issue such interests or products.

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.

If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and "(md not incorp)" is added to the amendment history.

Endnote 2—Abbreviation key

ad = added or inserted                          orig = original
am = amended                                    par = paragraph(s)/subparagraph(s)
amdt = amendment                                /sub‑subparagraph(s)
c = clause(s)                                   pres = present
C[x] = Compilation No.