Document ID: chunk:federal_register_of_legislation:C2023A00101:clause:1_11
Version: federal_register_of_legislation:C2023A00101
Segment Type: clause
Provision Reference: sch 1 cl 11
Character Range: 7115–8299

11  Subsection 921ZC(1)
Repeal the subsection, substitute:

Registration—relevant providers who are financial services licensees applying to be registered
 (1) If an application for registration is made in accordance with section 921ZA by a relevant provider who is a financial services licensee, ASIC must register the relevant provider under this subsection by recording in the Register of Relevant Providers that the relevant provider is registered.

Registration—financial services licensees applying to register relevant providers
 (1A) If an application is made in accordance with section 921ZB by a financial services licensee to register a relevant provider, ASIC must register the relevant provider under this subsection by recording in the Register of Relevant Providers that the relevant provider is registered in relation to the licensee.
 (1B) To avoid doubt, a relevant provider is able to be registered under subsection (1A) multiple times in relation to different financial services licensees.
Note: The relevant provider may provide personal advice on behalf of multiple licensees, so long as the relevant provider is registered in relation to at least one of them.