Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A product intervention order in relation to a financial product may:
(a) require that a specified person who has:
(i) dealt in, or dealt in a specified way in, a financial product in relation to a retail client; or
(ii) provided financial product advice, or a specified kind of financial product advice, to a retail client in relation to a financial product;
take reasonable steps to notify the retail client:
(iii) of the terms of the order; and
(iv) of any other matter specified in regulations made for the purposes of this subparagraph; and
(b) specify requirements in relation to giving those notifications (including requirements as to the periods within which to give those notifications).
(2) In this section, dealing in a financial product has the
meaning given by subsection 994A(1).