Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.1.33A

Allocation of funds available for investment

                   For paragraph 766A(2)(b) of the Act, a circumstance in which a person is taken not to provide a financial service within the meaning of paragraph 766A(1)(a) of the Act is the provision of a service that consists only of a recommendation or statement of opinion provided to a person about the allocation of the person's funds that are available for investment among 1 or more of the following:

                     (a)  shares;

                     (b)  debentures;

                     (c)  debentures, stocks or bonds issued, or proposed to be issued, by a government;

                     (d)  deposit products;

                     (e)  managed investment products;

                      (f)  investment life insurance products;

                     (g)  superannuation products;

                     (h)  other types of asset.

Note:          This regulation does not apply to a recommendation or statement of opinion that relates to specific financial products or classes of financial products.



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