Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_942b:p1
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 942B (pt 1/3)
Character Range: 367931–370823

942B  Financial Services Guide given by financial services licensee—main requirements

 (1) This section applies if the providing entity is a financial services licensee.

 (2) Subject to subsection (3) and to the regulations (see subsection (4)), the Financial Services Guide must include the following statements and information:
 (a) a statement setting out the name and contact details of the providing entity; and
 (b) a statement setting out any special instructions about how the client may provide instructions to the providing entity; and
 (c) information about the kinds of financial services (the authorised services) that the providing entity is authorised by its licence to provide, and the kinds of financial products to which those services relate; and
 (d) information about who the providing entity acts for when providing the authorised services; and
 (e) information about the remuneration (including commission) or other benefits that any of the following is to receive in respect of, or that is attributable to, the provision of any of the authorised services:
 (i) the providing entity;
 (ii) a related body corporate of the providing entity;
 (iii) a director or employee of the providing entity or a related body corporate;
 (iv) an associate of any of the above;
 (v) any other person in relation to whom the regulations require the information to be provided;
 (f) information about any associations or relationships between the providing entity, or any related body corporate, and the issuers of any financial products, being associations or relationships that might reasonably be expected to be capable of influencing the providing entity in providing any of the authorised services; and
 (g) if the providing entity provides execution‑related telephone advice (see section 946B)—a statement in relation to which the following requirements are satisfied:
 (i) the statement must indicate that the client may request a record of execution‑related telephone advice that is provided to them, if they have not already been provided with a record of that advice;
 (ii) the statement must set out particulars of how the client may request such a record;
 (iii) any limitations in those particulars on the time within which the client may request such a record must be consistent with any applicable requirements in regulations made for the purposes of this subparagraph or, if there are no such applicable requirements, must be such as to allow the client a reasonable opportunity to request a record of the advice; and
 (h) information about the dispute resolution system that covers complaints by persons to whom the providing entity provides financial services, and about how that system may be accessed; and
 (i) if the providing entity acts under a binder in providing any of the authorised services—a statement that:
 (i) identifies the services provided under the