Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 921ZE

Period of registration--relevant providers who are not financial services licensees

                   If a financial services licensee makes an application in accordance with section 921ZB in relation to a relevant provider, and ASIC registers the relevant provider under subsection 921ZC(1), the registration:

                     (a)  comes into force when ASIC records in the Register of Relevant Providers that the relevant provider is registered under subsection 921ZC(1); and

                     (b)  remains in force until the earliest of the following:

                              (i)  the cancellation time specified in a registration prohibition order in force against the relevant provider;

                             (ii)  the time when a banning order against the relevant provider takes effect;

                            (iii)  the licensee ceases to authorise the relevant provider to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products.

Note:          A notice must be lodged under section 922H when there is a change in a matter for a relevant provider.



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