Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor paragraph 766A(2)(b) of the Act, a circumstance in which a person ( person 1 ) is taken not to provide a financial service within the meaning of paragraph 766A(1)(a) of the Act is that:
(a) person 1 provides a service to a person; and
(b) the service consists only of passing on, publishing, distributing or otherwise disseminating a document that contains financial product advice; and
(c) the document was provided by another person ( person 2 ); and
(d) person 2 is not acting on behalf of person 1; and
(e) person 1 is not the holder of a financial services licence that authorises person 1 to provide financial product advice; and
(f) person 1 does not select the content of the document, modify the content of the document or otherwise exercise control over the content of the document; and
(g) a reasonable person would not consider that person 1 provided, endorsed or otherwise assumed responsibility for the financial product advice contained in the document.