Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A financial services licensee, or an authorised representative of a financial services licensee, commits an offence if:
(a) the licensee or representative gives (see subsection (3)) a person a Statement of Advice in circumstances in which it is required by a provision of this Part to be given to the person; and
(b) the Statement of Advice does not comply with section 947A or 947E.
Note: A defendant bears an evidential burden in relation to the matters in subsections 941C(1), (2), (3) and (3A). See subsection 13.3(3) of the Criminal Code .
(2) For the purposes of an offence based on subsection (1), strict liability applies to paragraph (b) of that subsection.
Note: For strict liability , see section 6.1 of the Criminal Code .
(3) In this section, give means give by any means (including orally), and is not limited to the meaning it has because of section 940C.