Section 922HC — Corporations Act 2001 (Cth)

(1) A financial services licensee must retain evidence of the continuing professional development undertaken during the licensee’s CPD year by:

(a) if the licensee is a relevant provider—the licensee; and

(b) if a relevant provider is authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products—the relevant provider.

(2) The evidence must be retained for 12 months after the end of the CPD year.

Offence

(3) A person commits an offence if:

(a) the person is required to retain evidence under this section; and

(b) the person fails to retain the evidence in accordance with this section.

Penalty: 50 penalty units.

Related sections

• s 922H — Ongoing obligation to notify ASIC when there is a change in a matter for a relevant provider
• s 922HA — Obligation to notify ASIC of financial services licensee’s CPD year
• s 922HB — Obligation to notify ASIC of non‑compliance with CPD provisions
• s 922J — Obligation to notify ASIC about a person who starts to have control of a body corporate licensee
• s 922K — Obligation to notify ASIC about a person who ceases to have control of a body corporate licensee
• s 922L — Requirement for notice to be lodged

Research how courts apply s 922HC

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