Document ID: chunk:federal_register_of_legislation:F2018L01804:reg:3
Version: federal_register_of_legislation:F2018L01804
Segment Type: reg
Provision Reference: reg 3
Character Range: 12262–14540

3                                 each of quarters 3 and 4                                                    (a) all the following work activities, under the limited or indirect supervision by the supervisor or other relevant providers nominated by the supervisor:
                                  (indirect supervision of client engagement and advice preparation)          (i) model strategies and research products to determine suitability to clients' objectives, financial situations and needs;
                                                                                                              (ii) determine and prepare appropriate client documentation (such as statements of advice);
                                                                                                              (iii)complete relevant administration and "back office" activities; and
                                                                                                              (b) satisfactorily identify and resolve ethical dilemmas in accordance with subsection (3).

Note: See section 12 for progress through the professional year.
 (2) The work activities must be such that, if the person completes all the work activities and structured training in the person's professional year plan, it can be reasonably expected that the person will have achieved the outcomes, and acquired the key competencies, set out in section 6.

Ethical dilemmas
 (3) In each of quarters 3 and 4 of a professional year, the person must demonstrate:
 (a) a knowledge and understanding of the Code of Ethics; and
 (b) an ability to resolve ethical issues in an appropriate way;
by identifying and resolving at least 2 dilemmas (ethical dilemmas) relevant to practice as a relevant provider.

Minimum number of hours
 (4) A person must complete at least 1,500 hours of work activities in accordance with this section during the person's professional year.

Notification
 (5) The responsible licensee of a person must ensure that, before the person has any direct or indirect interaction with a retail client, the client is informed, in writing:
 (a)  that the person is undertaking supervised work and training; and
 (b) of the name and contact details of the person's supervisor.