Section 1546C — Corporations Act 2001 (Cth)

Limitation on authorisation to provide personal advice

(1) Section 921C, as inserted by the amending Act, applies in relation to:

(a) any Australian financial services licence granted on or after 1 January 2019 to a person who is not an existing provider; and

(b) any authorisation given on or after that day to a person who is not an existing provider.

Note: Section 921C provides that a person cannot be granted a licence, or be authorised, to provide certain financial advice unless the person meets certain conditions.

Restriction on use of terms “financial adviser” and “financial planner”

(5) The following provisions, as inserted by the amending Act, apply on and after 1 January 2019:

(a) section 923C;

(b) items 269AAA and 269AAB of the table in Schedule 3.

Note: Those provisions relate to offences for using the terms “financial adviser” and “financial planner”.

Related sections

• s 1545 — Transitional—immediate cancellation of Australian financial services licences
• s 1546 — Transitional—statements of reasons for cancellation of Australian financial services licences
• s 1546A — Definitions
• s 1546D — Application of requirements relating to provisional relevant providers
• s 1546E — Application of continuing professional development standard for relevant providers
• s 1546F — Application of Code of Ethics to relevant providers

Research how courts apply s 1546C

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.