Document ID: chunk:federal_register_of_legislation:F2018L01804:reg:4
Version: federal_register_of_legislation:F2018L01804
Segment Type: reg
Provision Reference: reg 4
Character Range: 2307–4131

4  Definitions
Note: A number of expressions used in this instrument are defined in the Act, including the following:
(a) Code of Ethics: section 910A;
(b) financial services licensee: section 761A of the Act;
(c) personal advice: see section 766B(3) of the Act;
(d) professional association: see section 910A of the Act.
(e) relevant financial product: see section 910A of the Act;
(f) relevant provider: section 910A of the Act;
(g) retail client: sections 761G and 761GA of the Act;
(h) supervisor: section 910A of the Act.
  In this determination:
Act means the Corporations Act 2001.
client, in relation to a relevant provider, includes a retail client of the principal of the relevant provider.
completion certificate has the meaning given in paragraph 12(1)(b).
ethical dilemma has the meaning given in subsection 10(3).
final completion certificate has the meaning given in subsection 12(6).
logbook has the meaning given in subsection 13(1).
person means an individual undertaking a professional year
professional year, means the period of work and training that meets the requirements of this determination.
Note: For the period see subsection 5(1), which covers both full-time and part-time work.
professional year plan has the meaning given in subsection 9(1).
quarter means:
 (a) a period of 3 months; or
 (b) for a person who is undertaking the work on a part-time basis—a period equal to a quarter of the period of the professional year.
responsible licensee, for a person, means the financial services licensee who has authorised, or proposes to authorise, the person to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products.
structured training has the meaning given in subsection 11(1).
work activities has the meaning given in subsection 10(1).