Document ID: chunk:federal_register_of_legislation:C2021A00019:clause:2_7
Version: federal_register_of_legislation:C2021A00019
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 32325–33399

7  After paragraph 942C(2)(g)
Insert:
 (ga) if the authorised services provided by the providing entity include the provision of personal advice to retail clients, and the providing entity would contravene subsection 923A(1) by assuming or using a restricted word or expression (within the meaning of subsection 923A(5)) in relation to such provision of personal advice—a statement that:
 (i) sets out that the providing entity is not independent, impartial or unbiased (which are restricted words or expressions within the meaning of subsection 923A(5)) in relation to the provision of personal advice, and explains the reasons why; and
 (ii) if any other word or expression has been specified as a restricted word or expression in regulations made for the purposes of subparagraph 923A(5)(a)(ii)—sets out that the providing entity is not able to assume or use the restricted word or expression in relation to the provision of personal advice, and explains the reasons why; and
 (iii) meets the requirements (if any) determined in an instrument under subsection (7A); and